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Paying Accreted tax is quick and easy, and can be done online with ngoministry.com in 3 simple steps.
We assess your accreted tax liability.
We make payment of tax to the Government.
We follow-up with Government to ensure that no issues arise in future.
Legal Basis: Section 352 of the Income‑tax Act, 2025.
Trigger Events (when accreted tax applies): Registration under Section 12AB/332 is cancelled or not renewed.
Tax Rate: Levied at the maximum marginal rate (MMR), currently 30% plus applicable surcharge and cess, on the accreted income.
Accreted Income Meaning: Net worth on the date of cancellation/expiry as reduced by net worth on the date of registration u/s 12AB/332. Basically, you have to pay tax on the increase of net worth after receiving registration u/s 12AB/332.
Due Date: Tax must be paid within 14 days of the specified date.
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