https://www.taxtmi.com/article/detailed?id=728 The Bill amends the definition of charitable purpose to exclude disqualification where aggregate receipts from trade, commerce or business activities remain below a specified monetary ceiling, with retrospective effect. The author argues a uniform flat monetary relaxation is inequitable across institutions and recommends substituting a proportional threshold tied to a fraction of total actual receipts (or a monetary floor whichever is higher), and seeks clarification that the test apply to actual receipts rather than accruals. en-us Sat, 20 Mar 2010 00:00:00 +0530 Sat, 20 Mar 2010 11:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=728 The Bill amends the definition of charitable purpose to exclude disqualification where aggregate receipts from trade, commerce or business activities remain below a specified monetary ceiling, with retrospective effect. The author argues a uniform flat monetary relaxation is inequitable across institutions and recommends substituting a proportional threshold tied to a fraction of total actual receipts (or a monetary floor whichever is higher), and seeks clarification that the test apply to actual receipts rather than accruals. Articles Income Tax Sat, 20 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=728