Gross receipts in the case of a non-profit organisation

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..... aggregate of the following, namely:- (a) the amount of voluntary contributions received; (b) any rent received in respect of a property consisting of any buildings or lands appurtenant thereto; (c) the amount of income derived from any business carried on by it, if- (i) the business is incidental to the permitted welfare activity so carried on; and (ii) the p .....

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..... ny source. (2) The gross receipts referred to in sub-section (1) shall not include,- (a) any loan, borrowings and advances during the financial year; and (b) any receipt which is includible in clause (b) of sub-section (1) of section 88. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - .....

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