Section 345 — Restriction on commercial activities by a registered non-profit organisation

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

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. Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility.

None.

None.

None.

To be updated.