§ 346
Chapter XVII — Special Provisions Relating To Certain Persons
No registered non-profit organisation, carrying out advancement of any
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
346. 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.
4. —Compliances
Books of account.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.