TaxTMI Login
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →Just a moment...
AI OCR ✕Convert scanned orders, printed notices, PDFs and images into clean, searchable, editable text within seconds. Starting at 2 Credits/page
Try Now →By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All TMI Notes
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
Union Budget 2026-27 - Finance Bill, 2026
Existing provisions of Sl. No.1 to 4 of the Schedule VI applies to any specified fund and “specified fund” has been defined in Note 1(g) to said Schedule.
In order to provide clarity, it is proposed to amend the Note1(g) to said Schedule so as to align the definition of “specified fund” with the definition provided under section 10(4D) of the Income-tax Act, 1961.
These amendments will take effect from the 1st day of April, 2026 and shall accordingly, apply to the tax year 2026-27 and subsequent tax years.
[Clause 110]
Full Text:
Specified fund definition aligned with income tax provision, effective April 1, 2026 for tax year 2026 27 onward. Amendment aligns the definition of specified fund in Note 1(g) to Schedule VI with the income tax provision definition, so that existing Sl. Nos. 1-4 of Schedule VI apply to any entity that meets the aligned specified fund definition; the amendment takes effect from 1 April 2026 and applies to the tax year 2026-27 and thereafter. of Press 'Enter' after typing page number.
TaxTMI 
TaxTMI 