https://www.taxtmi.com/acts?id=11744 Total income of a non-profit organisation in relation to any charitable activity during the financial year is the gross receipts reduced by outgoings, computed in accordance with the cash system of accounting; however, where the non-profit is a company registered under section 25 of the Companies Act, 1956 the computation shall be made in accordance with the mercantile system of accounting. en-us Thu, 16 Sep 2010 19:03:25 +0530 Fri, 17 Sep 2010 13:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11744 Total income of a non-profit organisation in relation to any charitable activity during the financial year is the gross receipts reduced by outgoings, computed in accordance with the cash system of accounting; however, where the non-profit is a company registered under section 25 of the Companies Act, 1956 the computation shall be made in accordance with the mercantile system of accounting. Act-Rules Bills Thu, 16 Sep 2010 19:03:25 +0530 https://www.taxtmi.com/acts?id=11744