Clause 335 - Regular income. - Income Tax Bill, 2025

Regular income. 335. 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 prescribed.