https://www.taxtmi.com/manuals?id=2497 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. en-us Thu, 16 Mar 2023 15:40:00 +0530 Thu, 25 Apr 2024 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2497 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. Manuals Income Tax Thu, 16 Mar 2023 15:40:00 +0530 https://www.taxtmi.com/manuals?id=2497