TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Bill 2025: Clause 352 Introduces Tax on Accreted Income for Non-Profits at Maximum Marginal Rate</h1> Clause 352 of the Income Tax Bill, 2025, imposes an additional tax on accreted income for specified persons, typically non-profit organizations, at the maximum marginal rate. The accreted income is calculated by subtracting total liabilities from the aggregate fair market value of total assets. Various scenarios trigger this tax, such as cancellation of registration, modification of objectives, failure to register, conversion, merger, or dissolution. The tax must be paid within specified deadlines, and failure to do so incurs interest. The tax payment is deemed final, with no further claims or deductions allowed.
TaxTMI 
TaxTMI 
