Switching between charitable tax exemption regimes restricts registration-based relief and governs re-registration without simultaneous alternative relief.

Section 333 governs switching from registration-based exemption to specified alternative exemption regimes for registered non-profit organisations. Registration under section 332 ceases from the notification date for specified Schedule III and Schedule VII exemptions, and from 1 April of the relevant tax year where exemption is claimed under specified Schedule VII entries. A person may apply afresh for registration, but fresh registration terminates the relevant alternative exemption notification and prevents any further claim under that Schedule entry.

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