Income Tax Act 2025: Section 347 for Tax Year 2025-26

Section 347, Income Tax Act 2025: Non-profits exceeding the tax-free limit must maintain books of account as prescribed. Source: AUBSP.com

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Books of account

[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]

Where the total income of a registered non-profit organisation, without giving effect to the provisions of this Part, exceeds the maximum amount which is not chargeable to income-tax in any tax year, such registered non-profit organisation shall be required to keep and maintain the books of account and other documents in such form and manner and at such place, as prescribed.


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