Section 354A — Merger of registered non-profit organisation in certain cases
Status: New section inserted by Finance Act, 2026, w.e.f. 1-April-2026 (PDF footnote 69, page 440). Source: Income-tax Act 2025 as amended by FA 2026, page 440.
Statutory Text (verbatim from PDF p.440)
Merger of registered non-profit organisation in certain cases. 354A. Where any registered non-profit organisation merges with any other registered non-profit organisation, the provisions of section 352 shall not apply if, —
(a) the other registered non-profit organisation has same or similar objects; and
(b) the said merger fulfils such conditions as may be prescribed.]
Cross-References
- s352 — Tax on accreted income (the provisions of s.352 are disapplied where the merger satisfies the conditions in this section)
- s354 — Application for approval for purpose of section 133(1)(b)(ii) — NPO approval framework
- s355 — Interpretation (definitions for this Part, including “registered non-profit organisation”)
Amendment Notes
Inserted by Finance Act, 2026, w.e.f. 1-April-2026. Footnote 69 of the official “as amended” PDF (page 440):
- Inserted by the Finance Act, 2026, w.e.f. 1-4-2026.
Conditions are to be prescribed by rules (see related rules — pending notification of the merger-specific conditions under s.354A(b)).
Notes
(empty — populate with practical notes, circular references, or case law as they arise. Likely interplay with CBDT Circulars on charitable-trust amalgamation, Sec 12AB registration of merged entity, and 80G continuity.)