Consequences of conversion of a non-profit organisation.

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....<br>Consequences of conversion of a non-profit organisation. 101. (1) A non-profit organisation shall be liable to income-tax at the rate of thirty per cent. in respect of its net worth if— (a) i....

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....ection— (a) net worth of the non-profit organisation shall be computed as on— (i) the date of conversion or merger, as the case may be, in a case falling under clause (a) or clause (b) of sub-....