Switching Over of Regimes - Section 333 (New) / Section 11(7) (Old)

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....ction 11 Section 333(1) provides that nothing contained in section 11, except the specified provisions of the Schedules, shall exclude any income of a registered non-profit organisation from its total income for the relevant tax year. The exceptions are: • Schedule II - Table Sl. No. 1; • Schedule III - Table Sl. Nos. 27 to 29 and 36; and • Schedule VII - Table Sl. Nos. 10 to 19 and 42 to 45. Thus, where a registered non-profit organisation is covered by one of the specified alternative exemption provisions, the general exemption under section 11 is restricted in the manner provided by section 333. Section 333(2) - Cessation of Registration on Switching Over Section 333(2) provides....

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....tion under the respective serial number of the relevant Schedule. The provision therefore establishes a mechanism whereby an organisation can move back to the registration-based regime, but cannot simultaneously continue to enjoy the specified alternative exemption under the relevant Schedule entry. Comparative Analysis: Section 11(7) read with Sections 12A & 12AB (Income-tax Act, 1961) vs. Section 333 (Income-tax Act, 2025) Particulars Income-tax Act, 1961 Income-tax Act, 2025 Nature of provision The first proviso to section 11(7), read with sections 12A and 12AB, deals with the registration framework and circumstances in which registration becomes inoperative where the trust or institution opts for spec....