Tax on accreted income: trusts face an additional charge on asset surplus with payment, interest, and default consequences. A new charge taxes the excess of a trust's or institution's aggregate fair market value of assets over liabilities as on the specified date (conversion, merger or dissolution) at the maximum marginal rate, payable by the trust and its principal officer/trustee within fourteen days of specified triggers; transfers made within the permitted period on dissolution are excluded, the tax is final with no further credit or deductions allowed, and interest and deemed assessee-in-default rules apply on non-payment.