Impact Assessment: Moving from Compliance towards Outcomes
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.
Consequences of not obtaining audit report and non-maintenance of Books of Accounts
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
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 registr ...
Structural Changes in Taxation of NPOs
The nomination in Form-III shall be verified with the records and returned to employee after retaining a copy for record.
A nomination shall be filled-up in Form-III for Gratuity and submitted in duplicate by the employee to the employer.
Implications of TDS against Grants
