https://www.taxtmi.com/acts?id=39329 Voluntary contributions directed to corpus qualify for exclusion only if invested or deposited in the specified corpus forms; distributions from corpus or from borrowings are not applications of income unless reinvested into the specified corpus forms or repaid from income in the year of repayment, respectively. Calculation of required application or accumulation must ignore set offs or allowances for excess applications from years before the previous year. References to the registration procedure are inserted to align exclusions and deeming rules with registered entities. en-us Mon, 01 Feb 2021 16:35:21 +0530 Thu, 04 Feb 2021 14:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39329 Voluntary contributions directed to corpus qualify for exclusion only if invested or deposited in the specified corpus forms; distributions from corpus or from borrowings are not applications of income unless reinvested into the specified corpus forms or repaid from income in the year of repayment, respectively. Calculation of required application or accumulation must ignore set offs or allowances for excess applications from years before the previous year. References to the registration procedure are inserted to align exclusions and deeming rules with registered entities. Act-Rules Bills Mon, 01 Feb 2021 16:35:21 +0530 https://www.taxtmi.com/acts?id=39329