Residual income calculation for NPOs excludes regular and specified income from total income computed without applying Part B.

Residual income for purposes of Part B concerning NPOs is determined from total income computed without applying that Part. The calculation requires reduction of that total income by regular income and specified income, so that residual income represents only the balance remaining after both identified categories are excluded. This definition establishes the relevant income base for Part B under the Income-tax Act, 2025.

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