Tax exemption for SEEPZ Authority under section 10(46) exempts specified income subject to compliance and filing conditions.
Notification under clause (46) of section 10 designates SEEPZ Special Economic Zone Authority as exempt in respect of lease rentals/service charges from SEZ units, gate pass entry fees, fines and penalties and other miscellaneous income (including sale of garbage), and interest on bank deposits and investments, subject to conditions that the Authority shall not engage in commercial activity, its activities and the nature of specified income remain unchanged across the financial years, and it files its return of income as prescribed.

Tax exemption for notified society covers grant-in-aid and CCTNS interest subject to non-commercial use and filing conditions.
Notification under section 10(46) designates the Himachal Pradesh Computerization of Police Society as a notified body exempt for specified income consisting of grant-in-aid and interest on the CCTNS fund, subject to conditions that it shall not engage in commercial activity, its activities and specified income remain unchanged across the financial years, and it files returns as required by clause (g) of sub section (4C) of section 139; the notification is applied retrospectively to specified earlier financial years and to the current listed year.

Service of tax communications expanded to permit delivery via banking, postal, insurer, government and local authority records.
Where communication cannot be delivered to the addresses specified in the existing provisos or any other address furnished by the addressee, the communication shall be delivered or transmitted to the assessee's address as available with a banking company or co-operative bank; the Post Master General records; the insurer's records; addresses furnished in Form No.61 or Form No.61A to the Director/Joint Director of Income-tax (Intelligence and Criminal Investigation); addresses available in Government records; or addresses available in local authority records.

Tax exemption under section 10(46) granted to Manipur State Rural Road Development Agency for PMGSY funds and interest.
Notification under section 10(46) designates Manipur State Rural Road Development Agency as exempt in respect of specified income: funds received for PMGSY from the Ministry of Rural Development and interest on those funds, subject to conditions that the Agency not engage in commercial activity, maintain unchanged activities and income character across financial years, and file returns as required under clause (g) of sub section (4C) of section 139; the notification is applied retrospectively and to subsequent years.

Scientific Research Association approval requires separate accounting, audited reporting and donation statements, or approval may be withdrawn.
Approval was granted to M/s International Crops Research Institute for the Semi-Arid Tropics as a Scientific Research Association, conditional on conducting research directly, maintaining separate books of accounts for grant-funded activities, preparing a separate statement of donations and amounts applied to research, and furnishing an auditor's report and the certified donation statement by the due date for filing the income-tax return; approval may be withdrawn for failures of accounting, audit, donation reporting, genuine research activity or other noncompliance with the approval conditions.

Reorganisation of Ministerial Staff Training Units: administrative control assigned to NADT; regional supervisors manage operations; Principal Chief Commissioners cadre authorities.
Reorganisation of the Ministerial Staff Training Units places administrative authority with the National Academy of Direct Taxes, which, through the Pr. DGIT and respective ADG at Supervisory DTRTIs, will exercise administrative powers such as sanctioning leave and reviewing APARs for ITOs and staff. Each MSTU's functional jurisdiction covers the territorial ambit of the corresponding Pr. CCIT/CCIT and is linked to a designated Supervisory DTRTI, while Principal Chief Commissioners remain Cadre Controlling Authorities responsible for transfers, postings and infrastructure.

Tax exemption notification for welfare board: specified cess, fees and interest treated as non-commercial income under section 10(46).
Notification under section 10(46) recognises the Telangana Building and Other Construction Workers Welfare Board in respect of cess received, registration and renewal fees from workers, and interest on deposits, subject to conditions: it shall not engage in commercial activity, must maintain the nature of activities and specified income across the financial years, and must file return of income as required by clause (g) of sub section (4C) of section 139. The notification applies for the financial years 2017-2018 through 2021-2022.

Tax exemption notification under section 10(46): Haryana State Legal Services Authority notified for specified non-commercial income, subject to conditions.
Notification under section 10(46) designates Haryana State Legal Services Authority as entitled to exempt specified income comprising NALSA grants for Legal Services Authorities Act purposes, State Government grants or donations, amounts under court orders, recruitment application fees, and interest on deposits, subject to conditions prohibiting commercial activity, maintaining unchanged activities and income character across years, and meeting the statutory return filing obligation. The notification is retrospective to 2015-2016 and 2016-2017 and covers 2017-2018 to 2019-2020.

Exchange of information expanded to compel cross-border tax data sharing; mutual assistance added for tax collection and conservancy.
The Central Government notifies that the Third Protocol to the India-New Zealand tax Convention is given effect in India; it replaces Article 26 with an expanded Exchange of Information regime obliging competent authorities to exchange foreseeably relevant information (including bank, nominee and fiduciary held information) subject to confidentiality, limited use and narrow exceptions, and adds Article 26A requiring mutual assistance in the collection of revenue claims and measures of conservancy under the assisting State's laws, while preserving limits for public policy, domestic legal practice, and disproportionate administrative burden.

Master file and country-by-country reporting require detailed transfer pricing, intangibles, and financing disclosures for multinational groups.
The rules require constituent entities of international groups to maintain a prescribed Master File when consolidated group revenue and specified international transaction thresholds are exceeded, detailing group structure, business description, supply chains, transfer pricing policies, intangibles, financing arrangements, consolidated financial statements and tax rulings, retained for eight years and filed in Form 3CEAA. They also require Country-by-Country reporting where consolidated group revenue meets a higher threshold, with intimation and filing obligations in Forms 3CEAC/3CEAD and designation procedures for Indian resident entities, plus electronic filing and exchange-rate rules.

Recognised association status for a commodity exchange renders eligible derivative trades non-speculative, subject to compliance and reporting.
Central Government notifies Indian Commodity Exchange Limited as a recognised association under the Explanation to clause (e) of proviso to section 43(5) of the Income-tax Act, making eligible derivative transactions on the exchange non-speculative subject to conditions. Recognition may be withdrawn if the exchange loses regulatory approval, fails to record client particulars and PAN, does not maintain a seven-year audit trail, allows erasure or improper modification of transactions, or fails to submit monthly Form No. 3BC to the Director General (Intelligence and Criminal Investigation) within fifteen days of each month-end.

Exchange of information expanded: mutual tax information exchange and cross-border assistance in tax collection under amended protocol.
The Amending Protocol replaces Article 26 with an expanded Exchange of Information clause obliging competent authorities to exchange foreseeably relevant tax information, require confidentiality and restrict use to tax purposes unless jointly authorized, while denying refusal based on bank secrecy and requiring use of information gathering measures even absent domestic interest. It also inserts an Assistance in the Collection of Taxes Article obliging requested States to accept and collect enforceable tax claims and to take conservancy measures under their laws, subject to specified limitations including public policy, domestic law variance, and disproportionate administrative burden.

Income tax exemption for pollution control board specified non-commercial fees recognized subject to non-commerciality and filing conditions.
A State Pollution Control Board is notified under section 10(46) of the Income-tax Act to treat specific receipts-including consent and renewal fees, analysis and monitoring fees, authorization and public hearing fees, training and non-profit book sales, RTI fees, cess reimbursements, interest on deposits, forfeitures or bank guarantee recoveries, sale of scrap and tender fees, and reimbursements from central monitoring schemes-as exempt, subject to conditions that the Board refrain from commercial activity, keep the nature of receipts unchanged across financial years, and file income-tax returns as prescribed.

Tax exemption under section 10(46) covers grants and interest for Swasthya Sathi Samiti, subject to noncommercial and filing conditions.
Notification designates Swasthya Sathi Samiti, Kolkata as exempt under section 10(46) for grants from the Government of West Bengal and interest on those grants, subject to conditions: no commercial activity, unchanged activities and specified income across the financial years, and filing of return in accordance with the referenced return-filing provision; the notification is retrospective to 2016-2017 and applies through 2020-2021.

Charitable donation eligibility expanded by recognizing a temple as a place of historic importance and public worship for section 80G.
A central government notification designates Arulmigu Kapaleeswarar Thirukoil, Mylapore, Chennai, as a place of historic importance and as a place of public worship of renown throughout the State of Tamil Nadu, for the purposes of the charitable donation deduction provision under the Income tax law, thereby applying the fiscal qualification in respect of donations related to the specified temple.

National Savings Certificates subscriptions: public and specified private banks authorised subject to operational, remittance, penalty and reporting conditions.
All public sector banks and specified private banks are authorised to accept subscriptions under the National Savings Certificates (VIII Issue) Scheme, 1989, subject to conditions: dedicated small-savings software, online operations for CBS branches and manual operations for non-CBS branches, remittance to RBI Central Accounts Section Nagpur within one day (CBS) or three days (non-CBS), specified penalties for delayed remittances, pre-declaration of non-participating branches, bank liability for non-performance and recoverability by the Central Government, and periodic reporting requirements.

Country-by-Country reporting and Master File rules set thresholds, required contents, filing forms, designation and electronic filing duties.
Proposed rules 10DA and 10DB and Forms 3CEBA-3CEBE/3CEBB-3CEBD implement Master File and Country by Country reporting under sections 92D and 286: thresholds for applicability, detailed Master File content requirements, form based filing and designation procedures for Indian constituent entities, electronic filing and security responsibilities, retention periods, and incorporation of section 286 definitions.

Sitting fee revision under income-tax rules: substitution adjusts the prescribed sitting fee and comes into force on publication.
The amendment revises the sitting fee provision in the Income-tax Rules, 1962 by substituting the previously specified amount in rule 11N(2)(i) with a revised sitting fee description, effected under powers of section 295, and provides that the rule shall come into force on publication in the Official Gazette.

National Savings Monthly Income Account rules amended to change rule 5(1) amount from one thousand five hundred to one hundred.
The National Savings (Monthly Income Account) Rules, 2017 amend rule 5(1) of the 1987 Rules by substituting the words "one thousand five hundred" with "one hundred". The amendment is made under section 15 of the Government Savings Bank Act, 1873 and comes into force on publication in the Official Gazette.

National Savings Certificate: certificates must be encashed on becoming non-resident; interest paid at post office savings rate.
Where a resident Indian certificate-holder becomes a Non-Resident during the maturity period, the certificate shall be encashed or deemed encashed on the day he becomes a Non-Resident, and interest shall be paid at the rate applicable to the Post Office Savings Account from that day until the last day of the month preceding actual encashment.