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<h1>Anonymous donation exemption restored, NPOs taxed on net income and TDS refund filing flexibility reinstated.</h1> The Income Tax (No.2) Bill restores the exemption for anonymous donations to trusts and aligns NPO taxation with the Income tax Act, 1961 by treating income rather than gross receipts; it extends exemption to mixed object registered NPOs. The Bill removes the mandatory timely ITR filing requirement for TDS refund claims, shortens the TDS correction statement window to two years, adds 'profession' to electronic payment requirements for very large professional receipts, and redrafts carry forward and set off of losses for improved presentation.