https://www.taxtmi.com/acts?id=41235 The amendment inserts a deeming clause that a trust or institution will be treated as converted to a non-eligible form if it fails to file the prescribed application for registration or approval within the specified application period; expands liability so the principal officer, trustee or specified person must pay tax on accreted income to the Central Government within fourteen days from the end of the previous year in such cases; and adds the last date for making the prescribed application to the definition of the date of conversion. en-us Wed, 01 Feb 2023 15:59:18 +0530 Wed, 01 Feb 2023 15:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41235 The amendment inserts a deeming clause that a trust or institution will be treated as converted to a non-eligible form if it fails to file the prescribed application for registration or approval within the specified application period; expands liability so the principal officer, trustee or specified person must pay tax on accreted income to the Central Government within fourteen days from the end of the previous year in such cases; and adds the last date for making the prescribed application to the definition of the date of conversion. Act-Rules Bill Wed, 01 Feb 2023 15:59:18 +0530 https://www.taxtmi.com/acts?id=41235