Section 349 — Return of income

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

Statutory Text

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, it shall furnish the return of income for that tax year as per the provisions of section 263(1)( a)(iii) and (2), within the time limit allowed under section 263(1)( c) 65[or 263(4) ]. Permitted modes of investment.

None.

None.

None.

To be updated.