Section 338: Income not to be included in regular income
The Income-tax Act, 2025Central Act · Act 30 of 2025
Income not to be included in regular income.
While computing the regular income of a registered non-profit organisation, the following income shall not be included:—
(a) 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—
(i) created before the 1st April, 1952 for charitable or religious purposes; or
(ii) 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;
(b) the corpus donation received by the registered non-profit organisation under section 339.