Corrigendum to income-tax notification correcting specified place-name entries in the published Schedule.
Substitution of place-name entries in Schedule III of Notification No. 71/2019: serial number 24 in column (2) is amended from "DURGAPUR" to "BURDWAN" and serial number 25 in column (2) is amended from "JALPAIGURI" to "SILIGURI"; the changes are a textual corrigendum to the Gazette publication.

Correction to designation: Income-tax Officer ReAC's unit changed from Assessment Unit to Verification Unit, updating official records.
Corrigendum substitutes the Schedule entry designation for the Income-tax Officer (ReAC) in Bengaluru from an Assessment Unit to a Verification Unit, updating the official unit nomenclature in the prior notification for administrative and record-keeping accuracy.

PAN Aadhaar linking deadline extended by administrative amendment under Section 139AA, changing national taxpayer compliance timeline.
The Central Government, under sub section (2) of Section 139AA, amends the earlier notification by substituting the previously prescribed deadline for PAN Aadhaar linkage with a later date, thereby extending the statutory compliance timeframe for taxpayers to complete the mandatory linkage.

Specification of authorized agency: Director General, Anti-Corruption Bureau designated to receive tax information, subject to relevance and confidentiality.
Specification under section 138(1) designates the Director General, Anti-Corruption Bureau, Government of Rajasthan as a notified authority and clarifies that the income-tax authority shall furnish only relevant and precise information after forming an opinion that such furnishing is necessary to enable the notified authority to perform its functions, and shall convey to the notified authority the obligation to maintain absolute confidentiality in respect of information furnished.

Electronic payment mandate requires qualifying businesses to accept RuPay debit, UPI and UPI QR Code payments.
Enterprises whose total sales, turnover or gross receipts in the immediately preceding year exceed the prescribed turnover threshold must provide facilities to accept payments by Debit Card powered by RuPay, Unified Payments Interface (UPI) and Unified Payments Interface Quick Response Code (UPI QR Code) in addition to any other electronic payment modes they offer.

Deduction certification for additional employee cost requires chartered accountant report verifying eligibility and compliant payment modes.
The rules substitute Form No.10DA to require a chartered accountant's certificate for deductions under section 80JJAA, specifying the deduction amount based on additional employee cost and requiring supporting annexure data. The annexure mandates assessee identification, employee counts and classifications for existing and new businesses, computation of emoluments and deductible amounts, and explicit signatory details. Definitions and exclusions clarify which employees and emoluments qualify, and only payments made through account payee or prescribed electronic modes may be included in the deduction computation.

Declaration of undisclosed income: permitted delayed payment with monthly interest until discharge of outstanding tax and penalties.
Persons who made a declaration under sub-section (1) of section 183 but did not pay tax, surcharge and penalty under sections 184 and 185 by the notified due date may pay those amounts on or before the 31st day of January, 2020, with interest at one per cent per month or part-month from the day after the notified due date until payment; the notification is retrospective to 1 June 2016.

Kisan Vikas Patra savings double at maturity in nine years five months with specified premature-closure and transfer rules.
Provides a government savings instrument where deposits double at a fixed maturity of nine years and five months, with account types (Single, Joint A, Joint B), a minimum deposit requirement and no maximum limit. Premature closure is restricted to specified events and yields repayment of principal plus simple interest or amounts set by a graduated table after two years six months. The Scheme allows pledging/transfer to prescribed entities with endorsed records, sets nominee/legal heir payment and continuation rules on death, and permits relaxation of provisions to avoid undue hardship.

National Savings Certificates scheme: five-year certificates with defined account types, annual accrual, pledging and succession rules.
The National Savings Certificates (VIII Issue) Scheme, 2019 establishes five-year saving certificates with Single, Joint A and Joint B account types, a Rs.1,000 minimum deposit and no maximum, annual interest accrual deemed reinvested through year four, and a specified maturity value. The Scheme allows pledging/transferring accounts as security to defined institutions with endorsement and retransfer procedures, prescribes limited grounds and scaled measures for premature closure and payout, sets nomination and succession rules for death of account holders, and applies General Rules where silent while permitting government relaxation to prevent undue hardship.

National Savings Monthly Income Account: single deposit accounts with specified deposit limits, 7.6% annual interest, and defined closure penalties.
The Scheme creates a Monthly Income Account allowing single, joint, minor and guardian accounts with a single deposit (multiples of Rs. 1,000), capped at Rs. 450,000 (single/minor) and Rs. 900,000 (joint), bearing interest at 7.6% per annum payable monthly; excess deposits are refunded with Post Office Savings Account rate interest. Premature closure after one year is allowed with a 2% penalty if closed on or before three years and 1% thereafter; maturity payment follows five years. Forms prescribe opening, closure and nomination procedures and KYC requirements.

Fund manager remuneration formula prescribes asset-under-management rate and alternative profit- or fee-based calculations; requires certified reporting.
The amendment prescribes the manner for calculating the minimum remuneration payable by eligible investment funds to fund managers under section 9A: a specified asset-under-management rate for certain foreign portfolio investor categories and, for other funds, alternative calculations comprising an asset-based rate, a profit-linked share above a specified hurdle for performance-linked remuneration, or a proportion of management fees net of operational expenses. The rules define "asset under management", "management fee" and "specified hurdle rate", require an accountant's report in Form No. 3CEJA, and allow Board approval for lower amounts on application.

Designation of Special Courts for offences under income tax and undisclosed foreign assets law within specified jurisdictions.
The Central Government, exercising powers under section 280A(1) of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, designates particular judicial officers as Special Courts to operate within their respective territorial jurisdiction for the purposes of those statutes, after consultation with the Chief Justice of the relevant High Court.

Prohibition of Benami Property Transactions rules amended to set appeal form, fees and replace 'Adjudicating Authority' wording.
The amendment revises rule 10 to require appeals under sub-section (1) and (1A) of section 46 to be made to the Appellate Tribunal in Form 3, with appeals under sub-section (1) carrying a fee of ten thousand rupees and those under sub-section (1A) a fee of two thousand rupees; it also amends Form 3 to replace references to the "Adjudicating Authority" with "authority."

Scientific Research Association approval permits research donations subject to audit, ICAR permission, separate accounts and exclusive domestic use.
Approval under section 35(1)(ii) designates ICRAF as a Scientific Research Association authorised to accept research grants/donations subject to conditions: sole objective of scientific research, direct conduct of research, maintenance of separate books for research receipts and expenditures, audit by a qualified accountant with submission of the audit report and a certified statement of donations and their application by the income-tax return due date, prior ICAR/DARE permission for grants, exclusive utilisation for research in India, and potential withdrawal of approval for non-compliance or cessation/non-genuineness of research activities.

Recognition of association: NSE notified subject to derivatives trading approval and strict record keeping and reporting conditions.
Designation notifies M/s National Stock Exchange of India Limited as a recognised association under the proviso to sub section (5) of Section 43 of the Income tax Act, subject to holding derivatives trading approval from the regulator; recording client particulars including unique client identity number and PAN; maintaining a complete seven year audit trail of derivative transactions without erasure; restricting modifications to genuine errors while retaining modification records; and monthly submission of Form No. 3BC to the Director General of Income tax (Intelligence and Criminal Investigation).

Tax withholding obligations: deposits accompanied by Form 26QD must be remitted electronically within 30 days and reported.
Amendments require sums deducted under the withholding provision to be deposited to the credit of the Central Government within thirty days from the end of the month of deduction, accompanied by an electronic challan cum statement in Form No.26QD remitted to authorised banks; deduction certificates (Form No.16D) must be furnished to payees within fifteen days after the due date for furnishing Form No.26QD, generated from the prescribed web portal; and persons responsible for deduction must electronically file Form No.26QD with the Principal Director General/Director General of Income tax (Systems) within thirty days, with additional reporting of payments not subject to deduction under stated exemptions.

Name change of approved organization: Diabetes Research Centre Foundation renamed Prof. M. Viswanathan Diabetes Research Centre updating approval records.
The approved organization name "Diabetes Research Centre Foundation, Chennai" shall be read as "Prof. M. Viswanathan Diabetes Research Centre, Chennai" with effect from 01.04.2010, amending paragraph 1 of the principal notification to update the official record of approved organisations.

Deemed income exemption for regularised property in unauthorised colonies where ownership documents and payment evidence exist.
Rule 11UAC excludes the deemed income provision under clause (x) of sub-section (2) of section 56 for immovable property received by a resident of an unauthorised colony in the National Capital Territory of Delhi when the Central Government has regularised transactions based on the latest Power of Attorney, Agreement to Sale, Will, possession letter and other documents, including evidence of payment, that confer or recognise rights of ownership, transfer or mortgage; it defines resident and unauthorised colony and excludes tenants, licensees and permissive users.

Identifier requirement: Permanent Account Number or Aadhaar Number accepted in tax forms replacing PAN references, altering form fields.
The Income-tax (12th Amendment) Rules substitute the wording "Permanent Account Number or Aadhaar Number" for various references to PAN across multiple forms in Appendix-II to the Income-tax Rules, 1962, and insert "or Aadhaar Number" after statutory references to section 139A; the amendment is made under statutory authority and deemed effective from 1st September, 2019.

Territorial amendment: substitution of Jammu and Kashmir with Union territories of Jammu and Kashmir and Ladakh, effective retrospectively.
The notification substitutes in Schedule II, entry 6, column (4) the words "Jammu and Kashmir" with "the Union territory of Jammu and Kashmir, Union territory of Ladakh," and declares the amendment to operate retrospectively from the specified date in 2019, with a certification that no person is adversely affected by retrospective effect.