Income Tax Department

Ministry of Finance, Government of India

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Section 344

Business undertaking held as property

Section

Section Number

344

Chapter

CHAPTER XVII - Special provisions relating to certain persons

Act

Income-tax Act, 2025

Year

2026

Business undertaking held as property

3. —Commercial activities by registered non-profit organisation

Business undertaking held as property.

344. W here the property held by a registered non-profit organisation includes a business undertaking, and where a claim is made that the income of any such undertaking is eligible for benefits under this Part, then the Assessing Officer shall have the power to determine the income of such business undertaking as per the provisions of this Act.

Footnotes