Section 346 Income Tax Act 2025
Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility.
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. |