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of <h1>Schedule excludes specified incomes from total income but enacted text renumbering, cross-reference errors require careful compliance and monitoring</h1> The Schedule lists incomes excluded from total income for specified eligible persons, preserving targeted tax exemptions (pensions, NPS withdrawals, compensation, sectoral subsidies, funds, local authorities, research/khadi bodies, securitisation and investor-protection structures) subject to conditions, certificates and prescribed rules. Key differences between the enacted Act and the original Bill include renumbered statutory hooks (e.g., NPS section), omission of a company-withholding clarifying clause, inconsistent cross-references and regulatory dates, and wording changes affecting delegation to subordinate rules. Practical effects: taxpayers must verify the authoritative enacted text, comply with documentary conditions, and monitor notifications/corrigenda to avoid denial of exclusions.
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