Business undertaking held as property

Income-tax Act, 2025

✍️ A plain-language summary of this section is being prepared. Below is the official text.

📜 Official text

344. W here the property held by a registered non-profit organisation includes a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this Act. Restriction on commercial activities by a registered non-profit organisation.

Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.

Related sections

§ 302Legal representative § 303Representative assessee § 304Liability of representative assessee § 305Right of representative assessee to recover tax paid § 306Who may be regarded as agent § 307Charge of tax where share of beneficiaries unknown

← All sections of IT Act 2025