Income-tax Act, 2025

Specified income - Section 337

Specified income.

337. The specified income of a registered non-profit organisation shall mean the income as specified in column B of the Table below and shall be taxable in the year provided in the column C thereof:

TABLE

Sl. No.

Specified income

Tax year

A

B

C

1.

Any anonymous donation received by a registered non-profit organisation other than a registered non-profit organisation created or established,

(i) wholly for religious purposes, or

(ii) wholly for charitable and religious purposes (excluding anonymous donation made with a specific direction that such donation is for any university or other educational institution or any hospital; or other medical institution run by such registered non-profit organisation),

excluding the anonymous donations up to Rs. 100000 or 5% of the total donations received by it during the tax year, whichever is higher.

Tax year in which such anonymous donation is received.

2.

Any portion of income applied by it, directly or indirectly, for the benefit of any related person, computed in the manner, as may be prescribed.

Tax year in which such application is made.

3.

Any portion of income applied by it outside India in contravention to the provisions of section 338(a).

Tax year in which such application of income is made.

4.

Any investment or deposit made in contravention to the provisions of section 350 out of any income, accumulated income, deemed accumulated income, corpus, deemed corpus, or any other fund.

Tax year in which such investment or deposit is made.

5.

Any deemed corpus donation in respect of which any of the conditions specified in the section 340 is violated.

Tax year in which such violation is made.

6.

Any portion of accumulated income, if it is applied to purposes other .... To read the full section download the app from Google Play store