Regular Income - Section 335 (New) / Section 11, 12(1) (Old)

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....registered non-profit organisation for a tax year.  Section 335(a) - Income from Charitable or Religious Activity Regular income includes income derived from any charitable or religious activity for which the registered non-profit organisation is registered, where such activity is carried out during the relevant tax year. Thus, the activity must: • be charitable or rel....

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....- Income from Property, Deposit or Investment Partly Held for Charitable and Religious Purposes Clause (c) covers income derived from any property, deposit or investment held in part for charitable and religious purposes by a registered non-profit organisation referred to in section 332(2)(b)(ii). As under clause (b), income covered by clause (e) is excluded. Section 335(d) - Voluntary Co....

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....culars  Sections 11 & 12 - Income-tax Act, 1961 Section 335 - Income-tax Act, 2025 Nature of provision Sections 11 and 12 provide the exemption framework for income derived from property held for charitable or religious purposes and voluntary contributions received by a trust or institution. Section 335 specifically defines "regular income" of a registered non-pr....

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....haritable and religious purposes by an organisation covered by section 332(2)(b)(ii). Voluntary contributions Section 12 provides that voluntary contributions received by a trust or institution are deemed to be income derived from property held under trust for charitable or religious purposes, subject to the statutory provisions. Section 335(d) expressly includes voluntary contri....