Section 346 — Restriction on commercial activities by registered non-profit organisation,

carrying out advancement of any other object of general public utility

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

Statutory Text

No registered non-profit organisation, carrying out advancement of any
other object of general public utility, shall carry out any commercial activity unless,— ( a) such commercial activity is undertaken in the course of actual carrying out of advancement of any object of the general public utility; ( b) the aggregate receipts from such commercial activity or activities do not exceed 20% of the total receipts of such registered non-profit organisation of the relevant tax year; and ( c) separate books of account are maintained by such registered non-profit organisation for such activities.
—Compliances Books of account.

None.

None.

None.

To be updated.