Income received on behalf of a charitable institution exempt from inclusion in a person's total income subject to compliance conditions. Any income received by any person on behalf of Krishnamurthy Foundation India, Chennai shall not be included in the total income of such person for the specified assessment years, provided the Institution applies or accumulates its income wholly and exclusively for its objects with limited accumulation excess, restricts investments to modes permitted by law, treats business income as excluded only if incidental with separate books, files returns regularly, and on dissolution transfers surplus and assets to an organisation with similar objectives.