Switching of tax regime restricts exemption claims when nonprofit registration changes; re-registration terminates prior exemptions. Clause 333 provides that, except for specified schedule exemptions, income of a registered non-profit organisation is not excluded from total income. Registration ceases when the organisation is notified under specified schedule entries or from the tax year start where particular schedule exemptions are claimed. An organisation whose registration ceases may apply for fresh registration, but grant of a new registration causes the prior notification-based exemption to cease and precludes entitlement to those schedule exemptions thereafter.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Switching of tax regime restricts exemption claims when nonprofit registration changes; re-registration terminates prior exemptions.
Clause 333 provides that, except for specified schedule exemptions, income of a registered non-profit organisation is not excluded from total income. Registration ceases when the organisation is notified under specified schedule entries or from the tax year start where particular schedule exemptions are claimed. An organisation whose registration ceases may apply for fresh registration, but grant of a new registration causes the prior notification-based exemption to cease and precludes entitlement to those schedule exemptions thereafter.
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