https://www.taxtmi.com/acts?id=48799 Clause 355 defines terms for tax regulation of non-profit entities: anonymous donation as voluntary contributions without prescribed identity records; donation as voluntary contributions to a registered non-profit; registration, approval, and cancellation as administrative statuses; and commercial activity as any trade or service for consideration. It also defines relational and asset concepts-related person, relative, specified person, specified provision, specified asset, residual income, substantial interest, and value-to govern entitlement and tracing of income and benefits. en-us Fri, 14 Feb 2025 12:26:46 +0530 Thu, 20 Feb 2025 14:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48799 Clause 355 defines terms for tax regulation of non-profit entities: anonymous donation as voluntary contributions without prescribed identity records; donation as voluntary contributions to a registered non-profit; registration, approval, and cancellation as administrative statuses; and commercial activity as any trade or service for consideration. It also defines relational and asset concepts-related person, relative, specified person, specified provision, specified asset, residual income, substantial interest, and value-to govern entitlement and tracing of income and benefits. Act-Rules Bills Fri, 14 Feb 2025 12:26:46 +0530 https://www.taxtmi.com/acts?id=48799