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of <h1>Nonprofit Tax Enforcement: Comprehensive Liability Framework for Asset Transfers and Income Accrual Under Clause 352</h1> Concise Legal Summary (100 words):The document analyzes Clause 352(8) & (9) of the Income Tax Bill, 2025, addressing taxation of accreted income for non-profit organizations. The provisions establish comprehensive enforcement mechanisms for tax recovery, creating liability for specified entities, principal officers, and asset transferees. Key features include deeming provisions for assessees in default, limiting transferee liability to received asset values, and ensuring robust tax collection procedures. The analysis compares these provisions with existing Section 115TF of the Income-tax Act, 1961, highlighting legislative developments in preventing tax exemption misuse and ensuring accountability in charitable sector asset transfers.
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