<h1>Parliamentary panel recommends continuing tax exemptions on anonymous donations to religious-cum-charitable trusts under new Income Tax Bill 2025</h1> A Parliamentary panel examining the new Income Tax Bill 2025 has recommended continuing tax exemptions on anonymous donations to religious-cum-charitable trusts, warning that removal would adversely impact non-profit organizations. The 31-member Select Committee suggested allowing taxpayers to claim TDS refunds after filing deadlines without penalties. The committee opposed the proposed 30% flat tax on anonymous donations to registered NPOs, advocating for reintroducing provisions similar to existing law that provides broader exemptions for religious and charitable trusts. The panel also recommended taxing only net income rather than gross receipts of NPOs, arguing that taxing receipts contradicts real income taxation principles. The committee made 566 observations and recommendations for the 4,575-page bill, which would replace the 1961 Income Tax Act. These recommendations are advisory, and the government may accept them partially or fully.