The 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:––
| Sl. No. | Condition | Tax Year |
| 1 | Any anonymous donation received by a registered non-profit organisation (excluding donations up to ₹1,00,000 or 5% of the total donations received during the tax year, whichever is higher). | Tax year in which such anonymous donation is received. |
| 2 | Any portion of income applied by it, directly or indirectly, for the benefit of any related person, computed as prescribed. | Tax year in which such application is made. |
| 3 | Any portion of income applied outside India in contravention of the provisions of section 338(a). | Tax year in which such application of income is made. |
| 4 | Any investment made in contravention of the provisions of section 350, from any income, accumulated income, deemed accumulated income, corpus, deemed corpus, or any other fund. | Tax year in which such investment is made. |
| 5 | Any deemed corpus donation where any of the conditions specified in section 340 are violated. | Tax year in which such violation is made. |
| 6 | Any portion of accumulated income, if it is applied to purposes other than charitable or religious purposes for which it was accumulated or set apart. | Tax year in which it is so applied. |
| 7 | Any portion of accumulated income, if it ceases to be accumulated or set apart for application to such purposes as specified under section 342(1). | Tax year in which it ceases to be so accumulated or set apart. |
| 8 | Any portion of accumulated income, if it is not utilized for the purpose for which it was accumulated or set apart within the period specified under section 342(1). | Last of the tax years for which income was so accumulated or set apart. |
| 9 | Any portion of accumulated income, if it is credited or paid to any other registered non-profit organisation. | Tax year in which it is so credited or paid. |
| 10 | Any income applied to purposes other than charitable or religious purposes for which it is registered. | Tax year in which it is so applied. |
| 11 | Any income determined by the Assessing Officer under section 344 in excess of income shown in the books of account of such business undertaking. | Tax year to which such income relates. |
