Section-338: Income not to be included in regular income

Section-338 : Income not to be included in regular income

Section-338 seeks to provide for the provisions related to income not to be included in regular income of a registered non-profit organisation. Learn to understand the section-338 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-338 as per act

While computing the regular income of a registered non-profit organisation, the following income shall not be included:––

income applied outside India, where the Board, by general or special order, directs that such income shall not be so included in its total income in case of a registered non-profit organisation––
1. created before the 1st April, 1952 for charitable or religious purposes; or
2. created on or after the 1st April, 1952 for charitable purposes where such application of income outside India tends to promote international welfare in which India is interested;
the corpus donation received by the registered non-profit organisation under section 339.