https://www.taxtmi.com/acts?id=51542 Income enumerated in Schedules II-VI is excluded from total income when schedule conditions are met; if those conditions are not satisfied in a tax year the income is chargeable to tax for that year. Persons listed in Schedule VII are similarly exempt from chargeability when schedule conditions are fulfilled, with failure of those conditions rendering their income taxable for the tax year. The Central Government may make rules or notifications to give effect to these schedule-based exclusions and exemptions. en-us Wed, 13 Aug 2025 18:34:47 +0530 Fri, 22 Aug 2025 10:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51542 Income enumerated in Schedules II-VI is excluded from total income when schedule conditions are met; if those conditions are not satisfied in a tax year the income is chargeable to tax for that year. Persons listed in Schedule VII are similarly exempt from chargeability when schedule conditions are fulfilled, with failure of those conditions rendering their income taxable for the tax year. The Central Government may make rules or notifications to give effect to these schedule-based exclusions and exemptions. Act-Rules Income Tax Wed, 13 Aug 2025 18:34:47 +0530 https://www.taxtmi.com/acts?id=51542