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          Income Tax

          Tax on specified incomes of certain Institutions - Section 115BBI

          Charitable, Religious, Educational Trust or Institutions or Organizations and Tax on Accreted Income

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          Tax on specified incomes imposes a separate higher-rate levy and bars deductions when computing that income. Specified income received on behalf of charitable, religious or educational funds or institutions is taxed under a composite mechanism: a separate higher-rate tax on the specified income, plus tax on the balance income as if the specified income were excluded; no deduction, allowance or loss set off is permitted in computing the specified income. Specified income encompasses excess accumulations, deemed income under trust provisions, applications for specified persons, non compliant investments, and applications outside India.
                          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.

                                Tax on specified incomes imposes a separate higher-rate levy and bars deductions when computing that income.

                                Specified income received on behalf of charitable, religious or educational funds or institutions is taxed under a composite mechanism: a separate higher-rate tax on the specified income, plus tax on the balance income as if the specified income were excluded; no deduction, allowance or loss set off is permitted in computing the specified income. Specified income encompasses excess accumulations, deemed income under trust provisions, applications for specified persons, non compliant investments, and applications outside India.


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