https://www.taxtmi.com/manuals?id=3821 Accreted income of charitable or religious trusts is taxed at the maximum marginal tax rate, in addition to tax chargeable in the hands of a specified person. The specified trust or institution must pay this tax within the prescribed time; failure to do so triggers a simple interest charge on the unpaid tax for the period from the day after the due date until actual payment. en-us Wed, 20 Dec 2023 16:07:00 +0530 Wed, 20 Dec 2023 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3821 Accreted income of charitable or religious trusts is taxed at the maximum marginal tax rate, in addition to tax chargeable in the hands of a specified person. The specified trust or institution must pay this tax within the prescribed time; failure to do so triggers a simple interest charge on the unpaid tax for the period from the day after the due date until actual payment. Manuals Income Tax Wed, 20 Dec 2023 16:07:00 +0530 https://www.taxtmi.com/manuals?id=3821