Budget 2026: Structural Changes in Taxation of NPOs
The Finance Bill 2026 has introduced several vital amendments. These changes address certain compliance concerns arising from the initial drafting of the new Income Tax Act 2025 and have important implications for registered non-profit organizations.
In this issue, we analyse key developments including:
• Merger of registered NPOs and its accreted tax implications.
• Commercial activity concerns under the GPU category.
• Filing of belated returns by registered NPOs.
• Extended time limit for revised returns.
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