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The CBDT has extended the due date for furnishing Return of Income for A.Y. 2026-27 in respect of persons subject to audit under the Income Tax Act, 1961. |
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The Income Tax Act, 2025 classifies registered NPOs into “Small” & “Large” NPOs |
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The Income Tax Act, 2025 no longer recognises “Legal Obligations” under the charitable taxation framework. |
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Voluntary Surrender of Provisional Registration and Approval as per Rule 181(8) of Income Tax Rule, 2026 |
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Condonation of Delay in 80G Renewal |
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Entities constituted or registered in India alone are eligible to apply u/s 332 of the Income Tax Act, 2025. |
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Overview of Registration Framework for NPOs under the Income-tax Act, 2025 |
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Exceeding the Rupees 5 crores threshold does not affect the validity of a 10-year registration received u/s 12AB |
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New Provisions of Income Tax Act 2025 |
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Existing registrations under Section 12AB of the Income Tax Act, 1961 will continue under the Income Tax Act, 2025 with no migration requirement. |
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The Income Tax Act, 2025 has introduced the concept of “Tax Year” from 1-Apr-2026. |
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The Finance Act, 2026 extends the time limit for filing a Revised Return from 9 months to 12 months. |
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Account & Audit Penal Provisions |
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Books & Records under Income Tax |
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The Finance Bill, 2026 proposes to amend Section 349 to insert a reference to section 263(4), allowing registered NPOs to file a Belated Return. |
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Budget 2026: Structural Changes in Taxation of NPOs |
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The Finance Bill, 2026 proposes to insert Section 354A in the Income Tax Act, 2025, clarifying when tax on accreted income under Section 352 will apply in case of NPO mergers. |
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The Finance Bill, 2026 proposes to remove commercial activities by NPOs under the GPU category from the scope of “specified violation” that could lead to cancellation of registration. |
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Implication of TDS against Grants |
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Capital Gains for NPOs are also considered part of the Income, subject to 85% application or re-investment of the entire sale proceeds. |
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