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Section8
The Finance Act, 2024 (No. 2)

Insertion of new section 12AC

In force As on 11 Oct 2026

Ministry Finance Enacted 16 Aug 2024 Cited by 2 provisions

Section 8 of the Finance Act, 2024 (No. 2) deals with insertion of new section 12AC. Insertion of new section 12AC. 8. After section 12AB of the Income-tax Act, the following section shall be Inserted with effect from the 1st day of April, 2025, namely:— "12AC. The Act was enacted on 16 Aug 2024.

Insertion of new section 12AC.

8. After section 12AB of the Income-tax Act, the following section shall be Inserted with effect from the 1st day of April, 2025, namely:—

"12AC. Merger of charitable trusts or institutions in certain cases - 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.".
Section 8, The Finance Act, 2024 (No. 2).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 10 Amendment of section 16
  2. Income-tax Act s. 12AB Procedure for fresh registration

Referred to by 2

  1. s. 96 Scheme not to apply in certain cases
  2. s. 157 Insertion of new section 8A

Questions about Section 8

What does Section 8 of the Finance Act, 2024 (No. 2) deal with?

Section 8 of the Finance Act, 2024 (No. 2) is headed "Insertion of new section 12AC". Insertion of new section 12AC. 8. After section 12AB of the Income-tax Act, the following section shall be Inserted with effect from the 1st day of April, 2025, namely:— "12AC.

How do I find court cases under Section 8 of the Finance Act, 2024 (No. 2)?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act, 2024 (No. 2) 8, section 8 Finance Act, 2024 (No. 2), section 8 of the Finance Act, 2024 (No. 2). Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 8 of the Finance Act, 2024 (No. 2), and has it changed?

Its own text turns on section 10 (Amendment of section 16), Income-tax Act 12AB (Procedure for fresh registration), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.

When was Section 8 of the Finance Act, 2024 (No. 2) enacted?

Section 8 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 8, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.