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Section 335

Regular income

Regular income of any tax year of a registered non-profit organisation means––

(a) receipts from any charitable or religious activity, for which it is registered, carried out by such registered non-profit organisation in such tax year;

(b)
receipts, other than those specified in clause (d), whether capital or revenue, derived from any property or investment held by such registered non-profit organisation in such tax year;
(c)
voluntary contributions received by such registered non-profit organisation in such tax year; and

(d) gains of any commercial activity, other than the commercial activities restricted under sections 345 and 346, carried out by such registered non-profit organisation in such tax year, computed in such manner, as 5 prescribed.