Section 11 — Incomes not included in total income

(1) In computing the total income of any person for a tax year under this Act,
any income enumerated in Schedules II, III, IV, V and VI shall not be included,
subject to fulfilment of conditions specified therein.
(2) Wherever the conditions referred to in the Schedules referred in sub-section (1)
are not satisfied in any tax year in respect of any income enumerated in the said
Schedules, such income shall be charged to tax under this Act on the total income
for that tax year.
(3) The persons enumerated in Schedule VII shall, subject to fulfilment of the
conditions specified therein, not be chargeable to tax under this Act on the total
income for a tax year.
(4) Wherever the conditions referred to in Schedule VII are not satisfied in respect
of the persons enumerated in the said Schedule in any tax year, the income of such
person shall be charged to tax under the provisions of this Act for that tax year.
(5) The Central Government may make rules or issue notifications for the purposes
of this section as specified in Schedules II, III, IV, V, VI and VII.
B.—Incomes not to be included in total income
of political parties and electoral trusts