Restriction on Commercial Activities by a Registered Non-Profit Organisation - Section 345 (New) / Sections 2(15) and 11(4A) (Old)

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.... read with Rule 182 of Income Tax Rules, 2026 Section 11(4A) of the Income-tax Act, 1961 Section 345 prescribes the general restriction on carrying out commercial activities by a registered non-profit organisation.  Section 345 - General Restriction on Commercial Activity A registered non-profit organisation covered by the section shall not carry out any commercial activity unless....

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.... statutory condition relating to separate books must independently be satisfied. Exclusion of Section 346 Organisations Section 345 expressly excludes a registered non-profit organisation mentioned in section 346. Therefore, section 345 and section 346 should be read as two distinct regimes: • Section 345: General rule for registered non-profit organisations, requiri....