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    <title>Books of Account - Section 347 (New) / Section 12A(1) (Old)</title>
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    <description>Section 347 requires a registered non-profit organisation to keep and maintain books of account and other documents when its total income, computed without applying the special non-profit regime, exceeds the maximum amount not chargeable to income-tax for the relevant tax year. Rule 187 prescribes accounting and record-keeping requirements, including cash books, ledgers, journals, bills and receipts, and records concerning projects, income and application of income. Audit and audit-report requirements are separately governed by section 348.</description>
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