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Union Budget 2026-27 - Finance Bill, 2026
Existing provisions of section 351 inter alia specifies activities which constitute ‘specified violation’ by a registered non-profit organisation, and it includes violation on account of commercial activities by registered non-profit organisation carrying out advancement of any other object of general public utility. Such violation is also included in the ‘other violation’ under section 353.
As inclusion of such violation under section 351 as ‘specified violation’ may lead to cancellation of registration, which was not the intent under the Income-tax Act, 1961, it is proposed to remove the reference of such violation from section 351 of the Income-tax Act so as to align it with the Income-tax Act, 1961.
These amendments will take effect from the 1st day of April, 2026 and shall accordingly, apply to the tax year 2026-27 and subsequent tax years.
[Clause 68]
Full Text:
Registered non-profit organisations: commercial activity for public utility no longer treated as a specified violation risking registration cancellation. The amendment removes commercial activities by registered non-profit organisations carried out for advancement of General Public Utility from the category of specified violation in section 351, preventing such activity from triggering registration cancellation, and aligns the treatment with other violation provisions; effective 1 April 2026 for tax year 2026-27 and thereafter. of Press 'Enter' after typing page number.
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