Regular income exclusions for registered non-profits cover authorised overseas application and qualifying corpus donations, with non-compliant overseas use classified separately.

Section 338 excludes qualifying income applied outside India and corpus donations from the regular income of a registered non-profit organisation. Overseas application qualifies only where the Board issues a general or special order and prescribed conditions are fulfilled. Eligibility depends on the organisation's creation date, purpose, and, for later charitable organisations, promotion of international welfare in which India is interested. Non-compliant overseas application is treated as specified income, while corpus donations received under section 339 are excluded at the computation stage.

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