Permitted investment modes for registered non-profit organisations are governed through Schedule XVI, with additional modes allowed by notification. Section 350 of the Income-tax Act, 2025 requires money covered by the registered non-profit organisation provisions to be invested or deposited in modes ... Summary
Permitted investment modes for registered non-profit organisations are governed through Schedule XVI, with additional modes allowed by notification.
Section 350 of the Income-tax Act, 2025 requires money covered by the registered non-profit organisation provisions to be invested or deposited in modes specified in Schedule XVI or additionally notified by the Central Government. The requirement applies to corpus donations, deemed corpus donations, accumulated income and, where applicable, deemed accumulated income. Unlike section 11(5) of the Income-tax Act, 1961, which enumerated permitted modes within the provision, section 350 places the principal list in Schedule XVI and provides an express notification mechanism for additional modes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 1 
