https://www.taxtmi.com/acts?id=11754 The Chapter will not apply to persons who hold any business under trust, fail to comply with conditions in section 97, cease to be a non-profit organisation during the financial year, or carry on a business not incidental to charitable activity. A non-profit that ceases due to conversion, merger or dissolution is liable to income-tax on its net worth, and total income of persons falling under these disqualifying clauses shall be computed under the other provisions of the Code. en-us Thu, 16 Sep 2010 19:05:39 +0530 Fri, 17 Sep 2010 10:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11754 The Chapter will not apply to persons who hold any business under trust, fail to comply with conditions in section 97, cease to be a non-profit organisation during the financial year, or carry on a business not incidental to charitable activity. A non-profit that ceases due to conversion, merger or dissolution is liable to income-tax on its net worth, and total income of persons falling under these disqualifying clauses shall be computed under the other provisions of the Code. Act-Rules Bills Thu, 16 Sep 2010 19:05:39 +0530 https://www.taxtmi.com/acts?id=11754