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of <h1>15% deemed-accumulated-income retained for registered non-profits, computed after sections 341 and 342 reductions; section 350 applies only if invested.</h1> A 15% deemed-accumulated-income rule for registered non-profit organisations is retained, computed after reductions under sections 341 and 342 (the enacted text expressly adds section 341 and 'set apart' income); that deemed amount is excluded from section 342. The Bill originally mandated the deemed amount 'shall be invested or deposited' in modes under section 350; the Act conditions the section-350 requirement on an actual investment or deposit, reducing the risk of a strict duty to invest. Practical impact: clarified reduction base, narrower enforcement risk, and a need for contemporaneous computation and investment/deposit records.
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