Tax collected at source: collectors must file biannual returns in Form 27E for periods ending September and March.
The Thirteenth Amendment prescribes that every person collecting tax under the tax collection provision must deliver to the specified income-tax authority the return for collection of tax in Form no. 27E for periods ending 30th September and 31st March each financial year; the amendment also substitutes the existing form in Appendix II by replacing Form No. 27EA.

TDS payment timing: new deadlines for depositing deducted tax with limited quarterly exceptions and revised return forms.
Amendment to Rule 30(1) prescribes payment deadlines for sums deducted under sections 192-196D: deductions by the Government are payable the same day; other persons must deposit specified credited incomes within two months of the payer's accounting date and other deductions within one week from the last day of the month of deduction. The Assessing Officer with Joint Commissioner approval may permit specified quarterly deposit schedules. Rule 37's Table is replaced to specify annual return Forms 24 and 26 with June as the return month, and Form No. 24 is substituted in Appendix II.

Income-tax rule amendment substitutes prescribed form in Appendix II under enabling statutory power, effective upon Gazette publication.
The Central Board of Direct Taxes, under the Income-tax Act, 1961, issues the Income-tax (Eleventh Amendment) Rules, 2003 to substitute Form No. 27 in Appendix II of the Income-tax Rules, 1962; the substitution takes effect from the date of publication in the Gazette.

Notification corrections update bond allotment, monetary entries, and distinctive numbers in published tax table.
Corrigendum correcting a prior tax notification by revising specific table entries: substituted figures for bond allotment counts, corresponding corrected monetary amounts, and amended distinctive terminal numbers to be read in place of the originally published values.

National Savings Certificates: NRIs barred from purchase; holders who become NRI may receive maturity proceeds non-repatriable.
The amendment to the National Savings Certificates (VIII Issue) Rules inserts a provision barring Non-Resident Indians from purchasing National Savings Certificates, while permitting persons who become NRIs after purchase to receive maturity proceeds on a non-repatriation basis.

National Savings Certificates payments on maturity and premature encashment may be rounded to the nearest rupee.
The rules add rounding provisions for payments on maturity and premature encashment of National Savings Certificates (VIII Issue): payable amounts may be rounded to the nearest whole rupee; fifty paise or more are treated as one rupee and less than fifty paise are ignored.

Electronic furnishing of income-tax returns allows salaried taxpayers to submit returns via authorised intermediaries with provisional receipt treated as filing date.
The scheme permits salaried individuals without business income, assessed at specified cities, to furnish returns electronically via authorised e-Return Intermediaries who digitise verified paper returns, transmit electronic data to a designated server, and file the paper return with the Assessing Officer within fifteen days; the provisional receipt date is deemed the filing date if the paper return is filed within that period, with specified procedures for verification failures and unsuccessful transmissions.

Investment pattern for retirement funds mandates prescribed minimum allocations across government securities, public institution bonds and trustee decided categories.
Rule 67(2) is substituted to require recognized provident, approved superannuation and approved gratuity funds to allocate investible moneys across specified categories: minimum 25% in Central Government securities or SEBI approved dedicated mutual funds; 15% in State Government securities or equivalent mutual funds and permissible government guaranteed negotiable securities; 30% in bonds/securities of public financial institutions, public sector companies or public sector banks and short duration TDRs; and 30% in any of the foregoing as trustee decided, subject to provisos on maturity proceeds, limited investment in rated non public sector bonds, downgrade exit and deeming of certain interim investments.

Cost Inflation Index for capital gains computation was specified for financial year 2003-2004 under the Income-tax Act.
The Cost Inflation Index for financial year 2003-2004 was specified as 463 under the Explanation to section 48 of the Income-tax Act, 1961. The notification inserted the relevant entry into the existing Cost Inflation Index table after considering the prescribed Consumer Price Index movement. The index applies for computing indexed cost under the capital gains provisions.

Exemption under section 35AC: notified projects declared eligible for tax-deduction for specified institutions over limited years.
Approval under section 35AC designates specified institutions and their named projects or schemes as eligible for deduction, specifying estimated project costs and the maximum amount of such cost allowable as a deduction. The Notification lists project descriptions (construction, equipment, running costs, corpus funds), ties approvals to specific assessment years (one, two or three years as indicated), and records that certain estimated costs include corpus components where applicable.

Research tax-exemption approval requires institutions to keep separate research accounts and file annual returns plus audited reports.
Approval of M/s The Kamataka Institute of Applied Agricultural Research as an Institution for research tax purposes is subject to maintaining separate books for research, furnishing an annual return of scientific research activities to the Department of Scientific & Industrial Research by the annual deadline, and submitting audited annual accounts and audited Income & Expenditure accounts for the research activities to designated tax and scientific authorities each year, in addition to filing the income-tax return; renewal applications must be submitted in triplicate through the tax-exemption authority and sent to the Department.

Research approval under section 35 allows institution tax-exemption subject to annual returns, audited accounts, and renewal.
Deen Dayal Research Institute is approved as an Institution to claim tax benefits for scientific research for the period 1 April 2003 to 31 March 2006, subject to maintaining separate books for research, filing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October annually, in addition to filing its income tax return; renewal must be applied for in triplicate.

Approval under section 35: institution granted research exemption subject to accounting, annual return and audited submission requirements.
Deen Dayal Research Institute is approved as an Institution under clause (ii) of sub section (1) of section 35 of the Income tax Act for the notified period, subject to maintaining separate books for research, furnishing an Annual Return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May each year, and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to the Director General of Income tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income tax (Exemptions) by 31 October each year, in addition to filing the income tax return; renewal applications must be filed in triplicate and copies sent to the Secretary, DSIR.

Income-tax exemption under section 10(23C)(iv) notified for the dock labour board, subject to specified compliance conditions.
Notification designates The Clearing & Forwarding Unprotected Dock Labour Board, Mumbai as eligible under section 10(23C)(iv) for assessment years 1993-94 to 1995-96, conditional on applying or accumulating income solely for its objects, restricting investments to forms allowed by section 11(5) (except certain voluntary contributions), excluding business income unless incidental with separate books, regular income-tax return filing, and transfer of surplus assets on dissolution to a like charitable organisation.

Tax exemption notification grants recognition to Centre for High Technology subject to compliance with use, investment, business and dissolution conditions.
The Central Government notifies the Centre for High Technology, New Delhi for specified assessment years under clause (23C)(iv) of section 10, conditional on applying income wholly to its objects; investing only in forms permitted by section 11(5) (with limited exception for certain tangible voluntary contributions); excluding business profits unless incidental and separately accounted; regularly filing income-tax returns; and transferring surplus and assets on dissolution to a similar charitable organisation.

Approval under section 10(23G) for an infrastructure enterprise, conditional on compliance and subject to withdrawal for defaults.
Approval is granted to M/s Noida Toll Bridge Company Limited as an approved industrial undertaking for income-tax exemption in respect of its Delhi-Noida Bridge infrastructure project for specified assessment years, subject to compliance with the exemption provision and related rule, maintenance of books of account, accountant's audit and furnishing of the prescribed audit report; the Central Government may withdraw approval on cessation of the facility or failure to maintain or audit accounts or to furnish the audit report.

Approval under section 10(23G) grants tax-exempt status to BIAL for specified assessment years subject to compliance.
Approval is granted to M/s Bangalore International Airport Limited (BIAL) as an approved enterprise under section 10(23G) read with rule 2E for its Devanahalli international airport project, subject to conformity with those provisions. The approval is conditional on maintaining books of account, obtaining an audit by an accountant and furnishing the required audit report under rule 2E, and is liable to withdrawal if the undertaking ceases to carry on an infrastructure facility or fails to comply with the audit and reporting requirements.

Tax exemption approval under section 10(23G) subject to compliance, audit and withdrawal conditions for infrastructure project.
Approval under section 10(23G) was granted to M/s L&T Western India Toll Bridge Limited for its two lane Watrak bridge project under Build, Operate and Transfer for specified assessment years, subject to compliance with section 10(23G) and rule 2E. The approval requires maintenance of books, audit by an accountant and submission of the audit report as per sub rule (7) of rule 2E, and may be withdrawn if the undertaking ceases the infrastructure activity or fails to meet the accounting and audit obligations.

Tax exemption approval permits infrastructure undertakings subject to compliance with bookkeeping and audit obligations.
Approval under section 10(23G) is granted for specified assessment years to an infrastructure undertaking on the condition that it comply with the statutory provisions and rule requirements, maintain books of account, have those accounts audited by an accountant, and furnish the required audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to meet bookkeeping, audit, or reporting obligations.

Tax exemption approval under section 10(23G) granted subject to compliance; non compliance permits withdrawal of approval.
Approval is granted to M/s Ahmedabad Mehsana Toll Road Company Limited under section 10(23G) read with rule 2E for specified assessment years for its BOOT project on State Highway No. 41, subject to compliance with section 10(23G) and rule 2E, including maintenance of books, obtaining and furnishing the audit report required by sub rule (7); the Central Government may withdraw approval if the undertaking ceases the infrastructure facility or fails the audit or reporting requirements.