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Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions - Income Tax - Ready Reckoner - Income TaxExtract ..... ecome effective u/s 12AA/12AB or 10(23C) Asset transfer on dissolution to other trust/Institution registered u/s 12AA/12AB or 10(23C) Meaning of “Specified Date” i.e., Date of Valuation of Assets & Liability Conversion of Trust/Institution into Non-Eligible form Registration granted cancelled - Date of order cancelling registration u/s 12AA/12AB or 10(23C) Modification of objects - Date of adoption or modification of any objects Merger with any other Non-Charitable Trust/Institut ..... x x x x x Extracts x x x x x Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions - Income Tax - Ready Reckoner - Income Tax x x x x x Extracts x x x x x ..... of registration and: It has not applied for fresh registration u/s 12AA/12AB or 10(23C) in that previous year, or It has applied for fresh registration u/s 12AA/12AB or 10(23C) but application has been rejected. Section 115TD(4) : Tax on Accreted Income (Exit Tax) shall be payable even if no income tax is payable by the Trust/Institution. Time limit for payment of tax on accreted income - Section 115TD(5) Period within which exit tax has to be paid to central govt. tax has to be paid to central ..... x x x x x Extracts x x x x x Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions - Income Tax - Ready Reckoner - Income Tax x x x x x Extracts x x x x x ..... ble Institutions. 14 Days from the date of merger. Case III: Failure to transfer asset to Trust/Institution registered u/s 12AA/12AB/10(23C) within period of 12 Months from the end of the month in which dissolution took place. 14 days from the date on which period of 12 months (at the end of the month in which dissolution took place) expires. Interest payable for non-payment of tax within 14 days - Section 115TE Interest @1% per month or part of the month from the 15th day till the date on which ..... x x x x x Extracts x x x x x Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions - Income Tax - Ready Reckoner - Income Tax x x x x x Extracts x x x x x
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