Bare ActsIncome-tax Act, 2025

Section 345

Restriction on commercial activities by a registered non-profit organisation.--

Amendment status not verified — confirm the current text below against the official source.

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.

Section 345 – Income-tax Act, 2025 | DailyLaw.ai