Finance Bill 2026: Tax Rules for Merger of Non-Profit Organisations
Clause 70 of Finance Bill 2026 inserts section 354A to exempt certain mergers of registered NPOs from accreted income tax, subject to same objects and prescribed conditions.
Tag: NPOs
Finance Bill 2026: NPO ‘Specified Violations’ Provisions Rationalised
Clause 68 of Finance Bill 2026 amends section 351 to exclude certain commercial activity violations from “specified violations,” aligning NPO rules with the Income-tax Act, 1961.
Finance Bill 2026: NPO Registration Requirement Clarified for Certain Funds
Clause 66 of Finance Bill 2026 amends section 332 to exclude specified Schedule VII funds from mandatory NPO registration, aligning with the Income-tax Act, 1961.
Finance Bill 2026: Belated Return Filing for NPOs Enabled
Clause 67 of Finance Bill 2026 amends section 349 of the Income-tax Act, 2025 to permit belated return filing by registered non-profit organisations from 1 April 2026.
Consolidation of Provisions for NPOs under Income Tax Bill 2025
Proposed Income Tax Bill 2025 consolidates provisions for NPOs, clarifies registration and compliance requirements, ensures exemptions for genuine charitable activities.