§ 347
Chapter XVII — Special Provisions Relating To Certain Persons
Books of account
Income-tax Act, 2025
If a registered non‑profit organization's total income in a tax year exceeds the exemption threshold, it must maintain books of account and related documents in the manner prescribed by law.
- Applies only when income is above the non‑taxable limit.
- Records must be kept at the prescribed place and in the prescribed form.
📜 Official text of the section +
347. 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, such registered non-profit
organisation shall be required to keep and maintain the books of account and other
documents in such form and manner and at such place, as may be prescribed.
Audit.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.