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<h1>Clarifying 'Specified Income' under Section 115BBI of the Income Tax Act 1961: Accumulation Limits, Deemed Income, and Exemption Violations.</h1> 'Specified Income' under section 115BBI of the Income Tax Act 1961 includes: (a) income accumulated beyond 15% without specific allowance; (b) deemed income as per certain sections; (c) income not exempt due to violations under section 10(23C) or not excluded under section 13(1)(d); (d) income deemed under the twenty-first proviso to section 10(23C) or not excluded under section 13(1)(c); and (e) income not excluded under section 11(1)(c).