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of <h1>New one-time tax on nonprofits' accreted income centralises valuation power, removes hearing rights, raises compliance and dispute risks</h1> Clause creates a one-time tax at the maximum marginal rate on 'accreted income'-FMV of total assets less liabilities-triggered by events such as loss of registration, improper change of objects, merger, conversion or dissolution; valuation methods are to be prescribed. The Bill originally vested the tax officer with an express power to compute accreted income after a hearing and tied payment timing to the officer's order; the enacted text omits that explicit adjudicatory/hearing provision, centralising computation and altering procedural protections. The change raises compliance, valuation and dispute risks for affected registered non-profit entities and their officers, making contemporaneous valuation records and transfer documentation critical.
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