From the Income-tax Act 1961 to the Income-tax Act 2025—The New NPO Regime, Decoded.
A structural & analytical commentary on Indian NPO taxation under Part B of Chapter XVII (Sections 332 to 355), as amended by the Finance Act 2026.
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I want to convey a message to the Income Tax Department.
You're not just tax collectors. You're the face of the government's relationship with the taxpayer.
Since you're the face of the government's relationship with the taxpayer, this new law gives you a clearer and leaner framework to make it simple, to make it simpler for people who want to understand it better.
It must be administered with empathy, fairness and efficiency. I expect every officer to internalise the spirit of this new law.
The taxpayer is not your adversary. The taxpayer is your partner in nation building.
- Smt @nsitharaman in New Delhi (1/2)
KIND ATTENTION TAXPAYERS!
Income-tax Rules, 2026 have been notified and published in the e-Gazette.
The notification may be accessed on:
https://t.co/KKcuTiELDh
@nsitharamanoffc@officeofPCM@FinMinIndia@PIB_India
KIND ATTENTION TAXPAYERS!
With the Income-tax Act, 2025 set to come into force from 1st April 2026, the Draft Income-tax Rules & Forms, 2026 have been framed and placed in the public domain for feedback/comments from public & stakeholders.
👉Comments from stakeholders and public are invited to make the rule-making process more participative and effective.
👉For ease of reference, navigators mapping existing Rules/Forms with the draft versions have been shared.
👉Feedback/comments may be submitted at: https://t.co/vfIU84RXmC
At Taxmann, we extend our sincere appreciation for your participation in the 5th Edition of the Budget Marathon. Along with our distinguished panel of speakers, we thank you for your active engagement, which significantly contributed to the depth, quality, and success of the deliberations.
Through structured, clause-by-clause analysis and practice-oriented expert insights, the sessions delivered a comprehensive, contextually grounded understanding of the Union Budget 2026–27, covering its key proposals, legislative and regulatory changes, and their practical implications. We trust that the perspectives shared during the Marathon will assist you in interpreting the Budget with clarity and applying its provisions confidently in a dynamic tax and economic landscape.
Regards,
Vishal Anand | @NileshModi24 | Manoj Fogla | Suresh Kumar Kejriwal | @tarunkmadaan | Vinod Kothari | Amit Bablani | Rohit Garg | @caharshalbhuta | @official_aseem | Vaibhav Luthra | @jatin_jcss | @SandeepJhunjh10 | Mithilesh Reddy
@TaxExceller | SAGA Law LLP | Agarwal Kejriwal & Co. | @coherentadvisor | Vinod Kothari & Company | @DeloitteIndia | @AMS_Shardul | P.R. Bhuta & Co. | @EY_India | JCSS & Associates | Nangia Global | Steadfast Business Consulting (SBC)
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The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of the Act, to 10th December 2025.
The 'specified date' of furnishing of the report of audit under the provisions of the Income-tax Act, 1961, for the Previous Year 2024-25 (Assessment Year 2025-26) is further extended to 10th November 2025.
Press Release Issued.
Bira 91 was one of the successful start-up stories of last decade. It is a popular craft beer brand. They were growing so well. Reality is strange than what you can imagine. A procedural goof up has lead to whole company being collapsing and the founder now being forced even to exit by company employees.
As Bira was very successful, it wanted to come up with IPO. So it did a small change. It changed the name from B9 beverages private limited to B9 beverages limited. Just removed the word private.
All the hell then broke loose. All the states immediately banned the sale of Bira 91 treating the new name as different entity. They demanded fresh legal approvals, label approvals, product registrations and fresh licenses for every single variant.
Google and find out. This lead to one problem after another. Once a thriving company looks like may not even survive.
I remember once someone asked Hina Nagarajan, former CEO of Diageo India as to why she is retaining the name United Spirits instead of changing it to Diageo India limited. She said that the company checked with best legal brains in the country and name change would lead to huge disruptions for business.
Though what happened to Bira is extremely unfair, you've to accept the reality of India. Procedures, compliance and proper documentation are extremely important. The rules are so complex you should never desist from taking expert advice. What you assume need not work in reality and may even go against you.
The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various audit reports for the Previous Year 2024–25 (Assessment Year 2025–26), from 30th September 2025 to 31st October 2025, for assessees referred to in clause (a) of Explanation 2 to sub-section (1) of section 139 of the Act.
ITR filing after due date: Do you need to pay a late fee even if you have nil tax liability? https://t.co/NY4PW6JECC via @economictimes#Taxes#IncomeTax
KIND ATTENTION TAXPAYERS!
The due date for filing of Income Tax Returns (ITRs) for AY 2025-26, originally due on 31st July 2025, was extended to 15th September 2025.
The Central Board of Direct Taxes has decided to further extend the due date for filing these ITRs for AY 2025-26 from 15th September, 2025 to 16th September, 2025.
To enable changes in the utilities, the e- filing portal will remain in maintenance mode from 12:00 AM to 02:30AM on 16th September 2025.
Press Release issued:
The Income-tax Act, 2025 has received the Hon’ble President’s assent on 21st Aug 2025.
A landmark reform replacing the 1961 Act, it ushers in a simpler, transparent & compliance-friendly direct tax regime.
Access the official document here: https://t.co/krjjP1ogct
Kind Attention Taxpayers!
The facility for filing Updated Returns for AY 2021-22 and AY 2022-23 for ITR-3 & ITR-4 is now available.
Visit: https://t.co/M25Uqj4MtS
How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house propert... https://t.co/X9nN639W1A via @economictimes#IncomeTax#ITR
Kind Attention Taxpayers!
The facility for filing Updated Returns for AY 2021-22 and AY 2022-23 for ITR-1 & ITR-2 is now available.
Visit: https://t.co/M25Uqj5kjq