https://www.taxtmi.com/manuals?id=4705 Section 345 permits commercial activities by registered non-profit organisations only when the activity is incidental to attaining their stated objectives and separate books of account are maintained. Both requirements are cumulative: an unrelated commercial undertaking fails the incidental-activity test, while failure to maintain distinct accounts independently prevents compliance. Organisations covered by section 346 are excluded and are subject to a separate regime for general public utility objects, including an additional receipts ceiling. en-us Sat, 31 Aug 2024 13:43:00 +0530 Mon, 28 Sep 2026 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4705 Section 345 permits commercial activities by registered non-profit organisations only when the activity is incidental to attaining their stated objectives and separate books of account are maintained. Both requirements are cumulative: an unrelated commercial undertaking fails the incidental-activity test, while failure to maintain distinct accounts independently prevents compliance. Organisations covered by section 346 are excluded and are subject to a separate regime for general public utility objects, including an additional receipts ceiling. Manuals Income Tax Sat, 31 Aug 2024 13:43:00 +0530 https://www.taxtmi.com/manuals?id=4705