Income-tax Act, 2025 · CHAPTER XVII — Special provisions relating to certain persons

Section 346Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility

Income-tax Act, 2025 (30 of 2025)

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.

such commercial activity is undertaken in the course of actual carrying out of advancement of any object of the general public utility;

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

separate books of account are maintained by such registered non-profit organisation for such activities.

Referenced by

§ 335 Regular income

§ 335(e)

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

§ 351(1)

§ 351(1)(b)

§ 353(1)

§ 353(1)(d)

Rule 182 Manner of computation of gains of commercial activities under sections 335(e), 344, 345 and 346

Rule 187 Books of account and other documents to be kept and maintained by a registered non-profit organisation