Rule 183: the tax year, shall be computed in the manner as provided in sub-rule (2), in the following circumst

Bare law

Rule 183 - the tax year, shall be computed in the manner as provided in sub-rule (2), in the following circumstances: —

183. (1) For the purposes of section 337 [Table: Sl. No. 2], any income or part thereof, applied directly or indirectly for the benefit of any related person during the tax year, shall be computed in the manner as provided in sub-rule (2), in the following circumstances: — (a) if any part of the income or property of the registered non-profit organisation is, or continues to be, lent to any related person for any period during the tax year without adequate security; or (b) if any part of the inc

Exercise of options by a registered non-profit organisation under section 341(7) for deemed application under section 341(5).

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