https://www.taxtmi.com/acts?id=10866 Clause 88 provides that the total income of a non-profit organisation comprises income from permitted welfare activities and income from transfer of investment financial assets, subject to the Chapter. Income from permitted welfare activities equals gross receipts for the financial year less outgoings, calculated on the cash system of accounting. Income from transfers of investment financial assets is computed under the statutory provisions applicable to such income. en-us Thu, 20 Aug 2009 12:40:09 +0530 Thu, 20 Aug 2009 12:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10866 Clause 88 provides that the total income of a non-profit organisation comprises income from permitted welfare activities and income from transfer of investment financial assets, subject to the Chapter. Income from permitted welfare activities equals gross receipts for the financial year less outgoings, calculated on the cash system of accounting. Income from transfers of investment financial assets is computed under the statutory provisions applicable to such income. Act-Rules Bills Thu, 20 Aug 2009 12:40:09 +0530 https://www.taxtmi.com/acts?id=10866