§ 348
Chapter XVII — Special Provisions Relating To Certain Persons
Section 348
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
348. 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, the accounts of such registered
non-profit organisation for that tax year shall be audited by an accountant and the
person in receipt of the income shall be required to furnish a report of an audit of
such income by such date in the prescribed form, duly signed and verified by such
accountant and setting forth such particulars, as may be prescribed.
Return of income.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.