Section 343 — Deemed accumulated income

Old Act equivalent: Section 50B of IT Act 1961 Sub-part: Capital Gains — Computation Rules and Exemptions

Statutory Text

(1) The regular income, as reduced by the application of income as per the
provisions of section 341 and accumulated or set apart income under section 342, to the extent of 15% of regular income, shall be considered as deemed accumu - lated income and where such deemed accumulated income is invested or deposited, it shall be invested or deposited in any of the modes permitted under section 350. (2) The deemed accumulated income under this section shall not be considered as accumulated income for the purposes of section 342.
—Commercial activities by registered non-profit organisation Business undertaking held as property.

None.

None.

None.

To be updated.