section 345
Restriction on commercial activities by a registered non-profit organisation
Income Tax Act 2025Tax2025570 sections23 chapters
Chapter XVII Special provisions relating to certain persons
Statutory text
A registered non-profit organisation (other than a registered non-profit organisation mentioned in section 346) shall not carry out any commercial activity unless—
- (a) such commercial activity is incidental to the attainment of the objectives of the registered non-profit organisation; and
- (b) separate books of account are maintained for such activities.
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