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of <h1>Income Tax Bill 2025: Clause 333 Impacts Tax Regime Switch for Non-Profits, Affects Exemption and Registration Rules.</h1> Clause 333 of the Income Tax Bill, 2025, addresses the switching of tax regimes for registered non-profit organizations. It specifies that certain sections and schedules do not exclude any income from the total income of such organizations for tax purposes. Registration under section 332 ceases when a non-profit is notified under specific schedule numbers, or from the start of the tax year if claiming certain exemptions. Organizations whose registration ceases can reapply under section 332, but will lose exemption status from specified schedule numbers once new registration is granted.
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