9911796707
TMI BlogInterpretationsX X X X Extracts X X X X X X X X Extracts X X X X ..... ed welfare activity; (b) "advancement of any other object of general public utility" shall not be a permitted welfare activity if it involves the carrying on of any activity in the .nature of trade, commerce or business, or any activity of rendering any service in relation to any trade, commerce or business, for a cess, fee or any other consideration, irrespective of nature of use, application or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aries of its activities are the general public; (vii) it does not intend to apply its surplus or other income or use its assets or incur expenditure, directly or indirectly, for the benefit of any interested person; (viii) any expenditure by the organisation does not enure, directly or indirectly, for the benefit of any interested person; (ix) the funds or assets of the organisation are not used o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 84; and (B) its accounts relating to the permitted welfare activities in a case where the gross receipts referred to in section 89 exceeds one lakh fifty thousand rupees; (e) "general public" means the body of unascertained persons sufficiently defined by some common quality of public or impersonal nature; (f) "interested person" in relation to a non-profit organisation means,- (i) the founder o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the preservation of monuments or places or objects of artistic or historicinterest; or (vi) for the advancement of any other object of general public utility; (h) "trust" includes any legal obligation. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
