Books of account

Income-tax Act, 2025

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

📜 Official text

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.

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