e specified income of a registered non-profit organisation shall mean the income as specified in column B of the Table below and shall be taxable in the year provided in the column C thereof:–– Table Sl. No. Specified income Tax year A B C 1. Any anonymous donation received Tax year in which by a registered non-profit organisation other such anonymous donation than a registered non-profit organisation is received. created or established,— (i) wholly for religious purposes, or (ii) wholly for charitable and religious purposes (excluding anonymous donation made with a specific direction that such donation is for any university or other educational institution or any hospital; or other medical institution run by such registered non-profit organisation), excluding the anonymous donations up to ₹ 100000 or 5% of the total donations received by it during the tax year, whichever is higher. 2. Any portion of income applied by it, Tax year in which directly or indirectly, for the benefit of any such application is made. related person, computed in the manner, as may be prescribed. 3. Any portion of income applied by it Tax year in which such outside India in contravention to the application of income is provisions of section 338(a). made.
Income–tax Act, 2025 [Sec 302-355] Sl. No. Specified income Tax year A B C 4. Any investment or deposit made in Tax year in which contravention to the provisions of such investment or section 350 out of any income, deposit is made. accumulated income, deemed accumulated income, corpus, deemed corpus, or any other fund. 5. Any deemed corpus donation in respect Tax year in which of which any of the conditions specified in such violation is made. the section 340 is violated. 6. Any portion of accumulated Tax year in which it is income, if it is applied to purposes so applied. other than charitable or religious purposes for which it is accumulated or set apart. 7. Any portion of accumulated income, if Tax year in which it it ceases to be accumulated or set apart for ceases to be so application to such purposes as specified accumulated or set apart. under section 342(1). 8. Any portion of accumulated income, if Last of the tax years it is not applied as per the provisions of for which income was so section 341(1) to (4) for which it is accumulated or set apart. accumulated or set apart within the period for which it was accumulated or set apart as specified in section 342(1). 9. Any portion of accumulated income, if Tax year in which it is it is credited or paid to any other registered so credited or paid. non-profit organisation. 10. Any income applied to purposes other Tax year in which it is than charitable or religious purposes for so applied. which it is registered. 11. Any income determined by the Tax year to which Assessing Officer under section 344 in such income relates. excess of income shown in the books of account of such business undertaking.
Sl. No. Specified income Tax year A B C 12. Fair market value of any asset, where it Tax year immediately is not held in forms or modes specified in following the expiry of paragraph 1(1) to (30) of Schedule XVI limitation period even after the expiry of one year from the mentioned in Column B. end of the tax year in which such asset is acquired. 13. Any deemed application under Tax year specified in section 341(5) not actually applied by the section 341(6) by which registered non-profit organization for its such application is objects in India within the period specified required to be made. in section 341(6). Income not to be included in regular income. 338. Wh