Specified income taxation separates special-rate income from taxable regular and residual income for registered non-profit organisations.

Section 334 establishes a dual-component tax computation for registered non-profit organisations: specified income is taxed at 30%, while taxable regular income and residual income are taxed at rates applicable under other provisions. Specified income includes certain anonymous donations, related-person benefits, impermissible overseas application, prohibited investments, corpus or accumulation violations, and non-charitable application. Taxable regular income is nil where at least 85% of regular income is applied or accumulated in accordance with prescribed conditions.

---

---

---