Return of Income - Section 349 (New) / Section 12A(1)(ba) (Old)

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....bligation of a registered non-profit organisation where its total income, computed without giving effect to the provisions of the special non-profit regime, exceeds the maximum amount not chargeable to income-tax for the relevant tax year. Section 349 - Threshold for Furnishing Return The return-filing requirement arises where: • the assessee is a registered non-profit organis....

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....ba) of Income-tax Act, 1961 Section 349 of Income-tax Act, 2025 Persons covered Section 139(4A) applies to a person in receipt of income derived from property held under trust or other legal obligation wholly or partly for charitable or religious purposes, subject to the statutory conditions. Section 12A(1)(ba) separately requires furnishing of return in accordan....