Section-344: Business undertaking held as property

Section-344 : Business undertaking held as property

Section-344 seeks to provide for the provisions related to business undertaking held as property of a registered non-profit organisation. Learn to understand the section-344 as it is, it's help and useful links to follow.

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

1. Section-344 as per act

Where 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.