Section 347 — Compliances

Books of account

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

Statutory Text

  1. Where the total income of a registered non-profit organisation, without
    giving effect to the provisions of this Part, exceeds the maximum amount which is not chargeable to income-tax in any tax year, such registered non-profit organisation shall be required to keep and maintain the books of account and other documents in such form and manner and at such place, as may be prescribed. Audit.

Provisos

None.

Explanations

None.

Tables

None.

Cross-References

To be updated.

Notes

  • Verification status: pending
  • Auto-generated from IT Act 2025 PDF on 2026-04-13