https://www.taxtmi.com/acts?id=40760 Specified income received on behalf of certain funds, trusts, educational or medical institutions is aggregated and taxed separately; thereafter the assessee's remaining income is taxed after excluding that aggregate specified income. No deduction, allowance or loss set off is permitted in computing the specified income. "Specified income" includes excess accumulations beyond allowed limits, deemed income under specified explanations and provisos, income losing exemption through violation of exemption conditions, and income not excluded from total income under provisions relating to trusts and institutions. en-us Tue, 29 Mar 2022 10:38:56 +0530 Thu, 19 Jun 2025 12:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40760 Specified income received on behalf of certain funds, trusts, educational or medical institutions is aggregated and taxed separately; thereafter the assessee's remaining income is taxed after excluding that aggregate specified income. No deduction, allowance or loss set off is permitted in computing the specified income. "Specified income" includes excess accumulations beyond allowed limits, deemed income under specified explanations and provisos, income losing exemption through violation of exemption conditions, and income not excluded from total income under provisions relating to trusts and institutions. Act-Rules Income Tax Tue, 29 Mar 2022 10:38:56 +0530 https://www.taxtmi.com/acts?id=40760