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    <title>Tax on income of registered non-profit organisation - Section 334 (New) / 115BBI (Old)</title>
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    <description>Section 334 establishes a two-component computation of tax payable by a registered non-profit organisation. Specified income is taxable at 30%, while taxable regular income and residual income are taxed at rates applicable under other provisions. Regular income includes income from charitable or religious activities, qualifying property and investments, voluntary contributions, and permissible commercial activities. Taxable regular income is nil where at least 85% of regular income has been applied or validly accumulated under prescribed conditions.</description>
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      <link>https://www.taxtmi.com/manuals?id=1226</link>
      <description>Section 334 establishes a two-component computation of tax payable by a registered non-profit organisation. Specified income is taxable at 30%, while taxable regular income and residual income are taxed at rates applicable under other provisions. Regular income includes income from charitable or religious activities, qualifying property and investments, voluntary contributions, and permissible commercial activities. Taxable regular income is nil where at least 85% of regular income has been applied or validly accumulated under prescribed conditions.</description>
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      <pubDate>Mon, 28 Sep 2015 10:37:00 +0530</pubDate>
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