Section 344 — Commercial activities by registered non-profit organisation

Business undertaking held as property

Old Act equivalent: Section 54 of IT Act 1961 Sub-part: Capital Gains — Computation Rules and Exemptions

Statutory Text

W here the property held by a registered non-profit organisation includes
a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this Act. Restriction on commercial activities by a registered non-profit organisation.

None.

None.

None.

To be updated.