TAX ON ACCRETED INCOME

The Finance Act 2016 includes new sections such as 115 TD, 115 TE & 115 TF that provide for taxation of ‘accreted income’. These changes for NGOs are far reaching as they even affect organizations whose 12 AA has been cancelled but may still have to pay tax on their trust properties. The main intention of this provision stems from the need to offset any misuse of the accreted income. Click the link to read for more information regarding this provision http://bit.ly/2lgokAA

 

Share

  • Facebook
  • Twitter
  • LinkedIn
  • Add to favorites
  • Email
  • Google Plus

About

View all posts by

Leave a Reply

Your email address will not be published. Required fields are marked *