https://www.taxtmi.com/news?id=72034 Form 108 requires a registered non-profit organisation to electronically furnish a statement exercising the option under section 341(7) for treating regular income as deemed application under section 341(5). The annual filing is due before the return of income due date and covers computation of the shortfall in application and the reasons for that shortfall. A reported shortfall may be claimed as deemed application in the subsequent return of income. en-us Tue, 31 Mar 2026 17:47:44 +0530 Tue, 31 Mar 2026 17:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72034 Form 108 requires a registered non-profit organisation to electronically furnish a statement exercising the option under section 341(7) for treating regular income as deemed application under section 341(5). The annual filing is due before the return of income due date and covers computation of the shortfall in application and the reasons for that shortfall. A reported shortfall may be claimed as deemed application in the subsequent return of income. News - Tue, 31 Mar 2026 17:47:44 +0530 https://www.taxtmi.com/news?id=72034