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Tax on specified incomes of certain Institutions - Section 115BBI - Income Tax - Ready Reckoner - Income TaxExtract Tax on specified incomes of certain Institutions - Section 115BBI [w.e.f. AY 2023-24] Following Specified Income to be taxed @30% : - (a) Income accumulated or set apart in excess of 15% of the income where such accumulation is not allowed under any specific provision of this Act; or (b) Deemed income referred to in Explanation 4 to the third proviso of section 10(23C) , or section 11(3) or 11(1B) ; or (c) Deemed Income as per section 11(3) ; or (d) Income applied for the benefit of specified person as per section 13(1) . (e) Income not deposited/invested in modes specified in 11(5) as per section 13(1) . (f) Income used for any purpose outside India. Note: In this section Income to be compute without any deduction in respect of any expenditure or allowance or set off of any loss.
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