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1961Section 12AC

12AC. 47[Merger of charitable trusts or institutions in certain cases.

In the 2025 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

Where any trust or institution registered under section 12AB or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10, as the case may be, merges with another trust or institution, the provisions of Chapter XII-EB shall not apply if—

(a) the other trust or institution has same or similar objects;

(b) the other trust or institution is registered under section 12AA or section 12AB or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10, as the case may be; and

(c) the said merger fulfils such conditions as may be prescribed.]

Footnotes

  1. 47.Ins. by Act No. 15 of 2024, w.e.f. 1-4-2025.↩

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·