https://www.taxtmi.com/acts?id=49008 Clause 11 creates a conditional exclusion regime: incomes enumerated in specified schedules are excluded from total income for a tax year if the schedules' conditions are fulfilled, and become taxable for that year if the conditions are not met. It also exempts certain persons listed in a schedule from chargeability to tax when their specified conditions are satisfied, with failure to satisfy those conditions resulting in taxation. The Central Government is empowered to make rules or issue notifications to implement the schedules' provisions. en-us Fri, 14 Feb 2025 16:02:14 +0530 Fri, 14 Feb 2025 16:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49008 Clause 11 creates a conditional exclusion regime: incomes enumerated in specified schedules are excluded from total income for a tax year if the schedules' conditions are fulfilled, and become taxable for that year if the conditions are not met. It also exempts certain persons listed in a schedule from chargeability to tax when their specified conditions are satisfied, with failure to satisfy those conditions resulting in taxation. The Central Government is empowered to make rules or issue notifications to implement the schedules' provisions. Act-Rules Bills Fri, 14 Feb 2025 16:02:14 +0530 https://www.taxtmi.com/acts?id=49008