| Language : | English |
|---|---|
| Isbn : | |
| No of pages : | 18 |
| Publisher : | Financial Management Service Foundation |
| Author Information : | Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma |
| Published Date : | 10-06-2026 |
New Provisions of Income Tax Act 2025
The enactment of the Income Tax Act, 2025 marks a significant restructuring of the legal framework governing non-profit organisations. While the underlying principles continue, the new law introduces a more structured and codified regime with important changes in registration, computation of income, accumulation, audit requirements and taxation mechanisms.
Key highlights include:
• Introduction of the Registered Non-Profit Organisation framework
• Consolidation of NPO taxation provisions under Chaper XVII-B
• Shift from an exemption-based to a computation-based approach
• Changes in registration, accumulation, and compliance requirements
• New framework for classification and taxation of income
• Revised audit and reporting requirements for NPOs
Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations.
Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.
Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.
Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.
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