https://www.taxtmi.com/acts?id=48786 Rules permit a registered non profit organisation to accumulate part of its regular income by filing a prescribed statement with the Assessing Officer specifying purpose and period (not exceeding five years); accumulated income must be invested in permitted modes or applied to stated purposes, periods prevented by court injunctions are excluded, transfers to other registered non profits are not treated as application of income, change of purpose requires Assessing Officer approval, and on dissolution the Assessing Officer may permit application of accumulated income to another registered non profit. en-us Fri, 14 Feb 2025 11:54:42 +0530 Fri, 14 Feb 2025 11:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48786 Rules permit a registered non profit organisation to accumulate part of its regular income by filing a prescribed statement with the Assessing Officer specifying purpose and period (not exceeding five years); accumulated income must be invested in permitted modes or applied to stated purposes, periods prevented by court injunctions are excluded, transfers to other registered non profits are not treated as application of income, change of purpose requires Assessing Officer approval, and on dissolution the Assessing Officer may permit application of accumulated income to another registered non profit. Act-Rules Bills Fri, 14 Feb 2025 11:54:42 +0530 https://www.taxtmi.com/acts?id=48786