https://www.taxtmi.com/article/detailed?id=12842 The note explains that charitable purpose under Section 2(15) treats the advancement of general public utility as charitable only where profit generating activities are incidental to the GPU object and aggregate receipts from such activities in a previous year remain within the statute's prescribed quantitative limit; receipts substantially exceeding cost are treated as trade receipts, require separate books of account, and may disqualify exemption. en-us Wed, 07 Aug 2024 11:13:43 +0530 Wed, 07 Aug 2024 11:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12842 The note explains that charitable purpose under Section 2(15) treats the advancement of general public utility as charitable only where profit generating activities are incidental to the GPU object and aggregate receipts from such activities in a previous year remain within the statute's prescribed quantitative limit; receipts substantially exceeding cost are treated as trade receipts, require separate books of account, and may disqualify exemption. Articles Income Tax Wed, 07 Aug 2024 11:13:43 +0530 https://www.taxtmi.com/article/detailed?id=12842