Rule 182
Manner of computation of gains of commercial activities under sections 335(e), 344, 345 and 346
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For the purposes of section 335(e), gains of any commercial activity permissible under sections 344, 345 and 346, carried out by a registered non-profit organisation for a tax year, shall be computed in the following manner: —
(a) such commercial activity shall be treated as if it is entity separate from the registered non-profit organisation;
(b) separate books of accounts are maintained for such activities; and
(c) gains from such commercial activity during the tax year shall be computed as per the provisions of
Part D of Chapter IV of the Act.
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