Summary
- The CBDT has notified the Income-tax (Eighth Amendment) Rules, 2026, outlining conditions for the merger of registered non-profit organisations and introducing Form No. 112A.
- Under these rules, merging entities must have similar objectives and cannot have outstanding tax liabilities or amend their objects for five years post-merger.
- The new regulations require both organisations to audit their accounts and submit detailed disclosures electronically within one month of the merger's effectiveness.
- This amendment aims to streamline non-profit mergers while ensuring compliance with tax obligations, potentially impacting future organisational structures in the sector.
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