https://www.taxtmi.com/highlights?id=105716 For specified income-tax purposes, mergers of registered non-profit organisations require the same or similar objects and matching registration status; fully and provisionally registered organisations cannot merge with each other. Outstanding demands not under appeal must be cleared; demands under appeal must be paid by the successor when the appeal becomes final. The successor must retain its objects for five years from the end of the merger financial year, assume all assets, liabilities and obligations, and comply with prescribed investment rules. The merger must not directly or indirectly benefit related persons. Tax proceedings concerning the merging organisation continue against the successor. Both organisations must audit their accoun..... en-us Mon, 02 Nov 2026 16:07:24 +0530 Mon, 02 Nov 2026 16:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105716 For specified income-tax purposes, mergers of registered non-profit organisations require the same or similar objects and matching registration status; fully and provisionally registered organisations cannot merge with each other. Outstanding demands not under appeal must be cleared; demands under appeal must be paid by the successor when the appeal becomes final. The successor must retain its objects for five years from the end of the merger financial year, assume all assets, liabilities and obligations, and comply with prescribed investment rules. The merger must not directly or indirectly benefit related persons. Tax proceedings concerning the merging organisation continue against the successor. Both organisations must audit their accoun..... Highlights Income Tax Mon, 02 Nov 2026 16:07:24 +0530 https://www.taxtmi.com/highlights?id=105716