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        Income Tax

        Section 115BBI - Specified income of certain institutions

        Income-tax Act, 1961
        Chapter XII
        DETERMINATION OF TAX IN CERTAIN SPECIAL CASES

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        Specified income taxation imposes a separate tax on institutional receipts and prohibits deductions for that income. Specified income received on behalf of certain funds, trusts, educational or medical institutions is aggregated and taxed separately; thereafter the assessee's remaining income is taxed after excluding that aggregate specified income. No deduction, allowance or loss set off is permitted in computing the specified income. 'Specified income' includes excess accumulations beyond allowed limits, deemed income under specified explanations and provisos, income losing exemption through violation of exemption conditions, and income not excluded from total income under provisions relating to trusts and institutions.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Specified income taxation imposes a separate tax on institutional receipts and prohibits deductions for that income.

                          Specified income received on behalf of certain funds, trusts, educational or medical institutions is aggregated and taxed separately; thereafter the assessee's remaining income is taxed after excluding that aggregate specified income. No deduction, allowance or loss set off is permitted in computing the specified income. "Specified income" includes excess accumulations beyond allowed limits, deemed income under specified explanations and provisos, income losing exemption through violation of exemption conditions, and income not excluded from total income under provisions relating to trusts and institutions.


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