Exemption under section 35AC extended for a specified charitable construction project, preserving its approved estimated cost.
The Central Government specifies the construction and development project undertaken by Rashtrotthana Parishat-encompassing school and hospital buildings, residential quarters, roads, swimming pool, stadium, interior decoration, furnishing and purchase of furniture-as an eligible project under Section 35AC for tax exemption, extending its specification for a further three years from the financial year 2005-2006 on the recommendation of the National Committee and without change to the approved estimated cost.

Exemption under section 35AC extended for a specified tribal rural development scheme, preserving its eligible status for three more years.
The Central Government, on the National Committee's recommendation and under powers conferred by the Income-tax statute and rules, specifies the Manipur Shifting Cultivators' Development Association's scheme for construction of houses, community hall, school buildings, hospital, indoor stadium, animal sheds, purchase of furniture and running of rural welfare schemes for tribals of Munpi Village as an eligible project. The project's eligibility for exemption is extended for a further three years commencing with the financial year 2005-2006, without any change in the approved estimated cost.

Tax exemption under Section 35AC extended to kidney hospital project, eligible for a further three-year period.
The Central Government specified the construction, equipment purchase and running expenses (corpus fund) for a kidney hospital at Anand Marg, Jamnagar by Shree Anandabava Netra Chikitshalaya as an eligible project under Section 35AC for a further three years commencing from the financial year 2005-2006, following a recommendation by the National Committee and without any change in the approved estimated cost including the corpus fund.

Exemption under section 35AC extended for Sri Sathya Sai Heart Hospital project, preserving approved cost and corpus fund.
The Central Government specifies continuation of the tax exemption under section 35AC for land development, construction, equipment, furnishing and running of Sri Sathya Sai Heart Hospital at Rajkot by Prashanti Medical Services and Research Foundation, extending its status as an eligible project or scheme for three years commencing from financial year 2005-2006, on the National Committee's recommendation and without change to the approved estimated cost and corpus fund.

Exemption under section 35AC extended for Dakshinaya Institute project, confirming continued eligibility for three further financial years.
The Central Government re specifies the Dakshinaya Institute project as an eligible project under section 35AC, extending tax exemption eligibility for a further three years for construction, purchase of equipment, furnishing and running of the institute, without any change in the approved estimated cost, following recommendation by the National Committee under rule 11M.

Exemption under section 35AC: Sanjivani Trust's social welfare scheme specified as eligible for a further extension.
Exemption under section 35AC is applied to Sanjivani Trust's project for medical care, food for needy patients, educational materials, uniforms and scholarships; following the National Committee's recommendation that the scheme is properly executed, the Central Government specified the scheme as an eligible project for a further three year period commencing with the financial year 2005 06 without change to the approved estimated cost and corpus fund.

Exemption under section 35AC extended for the specified school and hostel project, granting eligibility for a further three year period.
The Central Government specifies the construction of Dev Sangha National School and Hostel at Bompass, Deoghar by Dev Sangha Seva Pratisthan as an eligible project under section 35AC for a further three year period commencing with financial year 2005 2006, without change in the approved estimated cost, following a recommendation by the National Committee under sub rule (5) of rule 11M of the Income tax Rules, 1962.

Income exemption for institutional receipts: recipients' receipts not includible if conditions on application, investment, business and filing requirements are met.
Notification under Section 10(23C)(v) excludes from a recipient's total income any amount received on behalf of Delhi Catholic Archdiocese, New Delhi for the relevant assessment years, subject to conditions: application or limited accumulation of income for institutional objects (with accumulation beyond fifteen percent limited to five years), permitted modes of investment under section 11(5), exclusion of business income unless incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a similar organization.

Zero coupon bond notification: new rules require pre issue approval, investment timetables and compliance for tax recognition.
New rules require issuers to apply in Form 5B for notification of zero coupon bonds, supply corporate or trust documentation, and secure Central Government notification only after meeting conditions: prescribed long term bond life, dual registered investment grade ratings, listing arrangements, and issuer undertakings to invest proceeds according to specified timetables. The Government may reject or withdraw notification for non compliance, and issuers must file annual accountant certificates confirming investments; notified bonds must list particulars such as name, life, issue schedule, redemption amount, discount and number of bonds.

Approval under Section 35(1)(ii) granted to Institution of Engineers subject to separate research accounts and auditor certification requirements.
Approval under Section 35(1)(ii) is granted to The Institution of Engineers (India) as an Institution for donor deductions for scientific research, subject to maintaining separate accounts for research, submitting audited Income & Expenditure accounts for approved research to the Commissioner/Director (Exemptions) by the return due date or within ninety days of the notification, and furnishing an auditor's certificate specifying amounts eligible for donor deduction and certifying that expenditure was for scientific research.

Approval for research donation deduction permits institution-level donor deductions subject to accounting and auditor certification requirements.
Approval under section 35(1)(iii) is granted to Consumer Education & Research Centre, Ahmedabad for 1 April 2000 to 31 March 2002 as an Institution, subject to maintaining separate accounts for research activities, submitting audited Income and Expenditure accounts for each approved year to the Commissioner/Director by the return due date or within 90 days of notification, and providing an auditor's certificate specifying amounts received for deductible social science/statistical research and certifying that expenditures were for social science research.

Institutional income exemption: income received on behalf of a notified religious institution excluded from recipients' taxable income subject to conditions.
Any income received by any person on behalf of Sri Kashi Math Samsthan, Mumbai is excluded from the recipient's total income for assessment years 2002-2003 to 2004-2005, subject to conditions requiring exclusive application or limited accumulation of income, permitted modes of investment, exclusion of business income unless incidental with separate accounts, regular filing of returns, and transfer of surplus assets on dissolution to a like-minded organisation.

Deduction under section 35AC: specified institutions' projects approved as eligible, with capped deductible project costs and time limits.
Notification approving specified institutions and their listed projects as eligible for deduction under section 35AC of the Income-tax Act, 1961, by identifying each institution, describing eligible projects or schemes, stating estimated project costs and the maximum portion of those costs allowable as deductions, and specifying the time-limited financial years during which those deductions may be claimed, including notation of corpus funds where applicable.

Approval under Section 35(1)(ii) requires separate research accounts and audited certificates for donor-eligible deductions.
Himalayan Institute Hospital Trust has been approved for the purpose of Section 35(1)(ii) read with Rule 6 as an institution partly engaged in research for 1 4 2004 to 31 3 2007, subject to maintaining separate research accounts, submitting audited Income and Expenditure accounts for each approved year to the Commissioner/Director (Exemptions) by the due filing date or within 90 days of the notification, and furnishing an auditor's certificate specifying donor eligible research receipts and certifying that the expenditure was for scientific research.

Research donation deduction approval requires separate research accounts, audited filings, and auditor certification for donor eligibility.
The Foundation for Research in Community Health is approved as an institution eligible for research-related donation deduction, subject to maintaining separate research accounts, submitting audited Income and Expenditure accounts for each approved year to the tax exemption authority by the return filing due date or within a short period from notification, and furnishing an auditor's certificate specifying amounts received for social science research eligible for donor deduction and certifying that expenditure was for social science research.

Approval under Section 35(1)(iii): institutional research funding eligible for donor deduction with accounting and auditor certificate requirements.
Approval is granted to the organization as an institution partly engaged in research under clause (iii) of sub section (1) of section 35 for a specified period, subject to maintaining separate accounts for research, filing the audited Income and Expenditure account for research with the tax exemption authority by the return filing due date, and enclosing an auditor's certificate specifying amounts received eligible for donor deduction and certifying that expenditure was for social science or statistical research.

Income exemption for institution receipts under section 10(23C)(iv) applies subject to conditions on application, investment and dissolution.
Exemption excludes from taxable total income any amounts received by persons on behalf of the Bureau of Indian Standards for the assessment years 2004-2005 to 2006-2007, subject to conditions: income must be applied or accumulated for institutional objects with limited accumulation, investments limited to specified modes, business income taxable only if not incidental and separately accounted, regular filing of returns, and transfer of surplus and assets on dissolution to a like organisation; the notification applies only to recipients of income on behalf of the Institution and not to other receipts of such recipients.

Charitable-receipts exemption: income received on behalf of a welfare fund exempt subject to prescribed conditions.
Receipts received by any person on behalf of Railway Ministers Welfare & Relief Fund, New Delhi are not to be included in that person's total income under clause (23C)(iv) of section 10 for the specified assessment years, provided the Fund applies or limits accumulation of income to its objects, restricts investments to forms allowed by section 11(5), treats business income as incidental only if separately maintained, files returns regularly, and directs surplus assets on dissolution to a like-minded organisation.

Tax deduction approval requires separate research accounts and audited certification of eligible donations and research expenditure.
Approval of B.V. Patel Pharmaceutical Education & Research Development Centre as an institution for deductions under clause (ii) of sub section (1) of section 35 is subject to maintenance of separate accounts for research, annual submission of audited Income & Expenditure accounts for approved research to the Commissioner/Director by the due date of return filing or within ninety days of the notification, and provision of an auditor's certificate specifying amounts received for eligible research donations and certifying that expenditures were for scientific research.

Tax deduction for scientific research contributions-approval conditioned on separate accounts, audited statements and auditor certification.
Approval under Section 35(1)(ii) is granted subject to maintaining separate accounts for research activities; submitting, for each approved year, an audited Income & Expenditure account by the return filing due date or within the prescribed period from notification; and enclosing an auditor's certificate specifying amounts received eligible for donor deduction and certifying that expenditure was for scientific research.