Statement of income distributed by business trust must be furnished to tax authorities and unit holders electronically, using prescribed forms.
Rule 12CA mandates that a business trust furnish a statement of income distributed to the Principal Commissioner or Commissioner and to unit holders, using prescribed Forms No. 64A (filed electronically under digital signature and verified by an accountant) and No. 64B (provided to unit holders and verified by the distributor). The forms require trust registration and deed copies, audited accounts, an aggregate income breakdown by category, per-unit-holder distribution details, and verification declarations. The Director General of Income-tax (Systems) will specify filing procedure and security, archival and retrieval policies.

Industrial park deduction eligibility: notification grants section 80 IA benefits to a specified undertaking subject to occupancy and compliance conditions.
Notification under clause (iii) of sub section (4) of section 80 IA designates Eldeco SIDCUL Industrial Park Ltd.'s Rudrapur industrial park as eligible for industrial park tax benefits from the stated commencement date, subject to annexed conditions: minimum constructed area, specified allocable area percentages for industrial and commercial use, a prescribed minimum number of units and occupancy thresholds before benefits apply, limits on unit area concentration, activity restrictions to the Industrial Park Scheme, 2008, separate accounting and reporting obligations, and verification and withdrawal provisions for non compliance or misstatement.

Section 35AC deduction: notified NGOs' eligible social welfare projects approved for a three-year deduction period enabling tax claims.
The Central Government, acting on the National Committee's recommendations, notifies specified institutions and approves named social welfare projects as eligible for deduction under Section 35AC. Each entry identifies the institution, describes the project purpose, records an estimated project cost (including corpus where applicable), and ties the allowable deduction to a Committee specified approval period. The notification uniformly recommends a three year approval window commencing with financial year 2014 15 for the listed projects.

Tax exemption project extension under Section 35AC granted for a renewed period; exemption unavailable for the lapsed year.
The Central Government re-specifies the Bhil Seva Mandal Dahod project under Section 35AC for a further three-year period commencing 2013-14 without change to the approved cost including the corpus fund, based on the National Committee's recommendation; however, no exemption is available for the already lapsed financial year 2013-14.

Section 35AC extension: eligible mid-day meal project notification continued for an additional multi-year period, without change in approved cost.
Section 35AC notification is extended for the mid-day meal project executed by Iskcon Food Relief Foundation in Delhi, maintaining the previously approved cost and preserving the project's eligibility for tax-deductible expenditure for the further notified multi-year period following a recommendation by the National Committee for the Promotion of Social and Economic Welfare.

Section 35AC eligibility extension for running free medical aid services renewed for three financial years starting 2014-15.
Under Section 35AC the Central Government specifies the scheme "Running of free medical aid services at NOIDA" by Kailash Charitable Trust as an eligible project for tax-exemption for a further period of three years commencing with financial year 2014-15, maintaining the approved project cost at Rs. 1.50 crore following the National Committee's recommendation confirming proper execution of the project.

Deduction under section 35AC: literacy One Teacher Schools scheme retained as eligible and project cost increased.
The Central Government specifies the literacy project run by Friends of the Tribal Society-2890 One Teacher Schools in tribal areas of six States-as an eligible project under section 35AC for a further three year period commencing financial year 2014 15, and amends the notified Table to substitute the previously allowed maximum cost with an enhanced project cost for purposes of deduction.

Section 35AC eligible project extension: Dignity Dementia Day Care Centre notified for a further three-year period.
Notification under section 35AC extends specification of the 'Dignity Dementia Day Care Centre' by Dignity Foundation as an eligible project for a further three years, confirming continuation at the previously approved estimated cost without change, based on the National Committee's recommendation under rule 11M(5) that the project is being executed properly.

Section 35AC deduction eligibility expanded by raising the sanctioned project cost for the Maharaja Agrasen Hospital project.
Amendment increases the sanctioned maximum project cost for the Maharaja Agrasen Hospital project undertaken by Maharaja Agrasen Medical Education & Scientific Research Society, substituting the previously notified ceiling with a higher figure so as to expand the ceiling for expenditure that may qualify for deduction under Section 35AC, based on the National Committee's recommendation that the project is being executed properly and requires an enhanced cost allowance.

Project extension under section 35AC: blind rehabilitation scheme granted further multi-year extension and approved cost enhancement.
Notification extends the Blind People's Association's comprehensive rehabilitation, medical and human resource development scheme for the blind and disabled for a further three financial years beginning 2014-15, and approves an increase in the project's sanctioned cost following the National Committee's recommendation that the project is being executed properly.

Deduction under section 35AC: eligible project cost limit for Narayan Seva Sanstha increased, altering allowable expenditure.
The notification amends the earlier section 35AC listing for Narayan Seva Sanstha's Udaipur rehabilitation and research project by increasing the maximum project cost allowed as a deduction from Rs. 64.28 crore including a corpus fund of Rs. 2 crore to Rs. 104.40 crore including a corpus fund of Rs. 2 crore, following a recommendation of the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules, 1962 confirming proper execution of the project.

Section 35AC eligibility: project re-notified, approved cost unchanged, enabling continued tax-deduction entitlement.
The Central Government has re-notified the "Empowering the poor-rural development project" carried out by Vidya Pratishthan as an eligible project under Section 35AC, preserving the previously approved cost and extending the project's eligibility for a further three-year period following the National Committee's recommendation and subject to Income-tax Act and Rules compliance.

Eligible project extension under Income tax Act notified for a further three year period with approved cost unchanged.
The Central Government re notified the 'Expansion facilities of Shri Shanishwar Gramin Rugnalay' as an eligible project for a further three year period commencing 2014 15, keeping the previously approved project cost unchanged, following the National Committee's recommendation that the project is being executed properly and is likely to extend beyond the initial notification period.

Section 35AC project extension: eligible charitable scheme granted further period following National Committee recommendation under Income tax Act.
Notification under Section 35AC re-notifies 'Shree Bidada Sarvodaya Trust Shah Kalyanji Mavji Patel Arogyadham' as an eligible project, preserves the approved corpus fund amount, and extends the period of specified eligibility following the National Committee's recommendation that the project is being properly executed.

Tax deduction under Section 35AC extended with enhanced project cost allowance for a notified charitable scheme.
The Central Government has re notified the "National Centre for Adolescents" project carried out by Urivi Vikram Charitable Trust as an eligible project under Section 35AC for a further three year period commencing 2014 15 following the National Committee's recommendation, and has amended the earlier notification to increase the maximum project cost allowable for deduction, by substituting a higher cost ceiling in the original table entry.

Eligible project notification under Section 35AC extended and deduction cap increased under tax incentive rules for a charity project.
The Central Government, exercising powers under Section 35AC, has notified that the "Akshar centre for hearing impaired" by Akshar Trust, Baroda, is an eligible project for three further financial years beginning 2014-15, and has amended the earlier notification to substitute the previously stated maximum project cost with an increased figure following the competent committee's recommendation.

Income-tax exemption extension: eligible biotechnology development project re-notified for an additional statutory period.
The Central Government notifies the scheme "Sustainable development through biotechnology" carried out by Vidya Pratishthan as an eligible project or scheme under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, for a further three-year period commencing with financial year 2014-15, without change to the approved cost of Rs. 13.94 crore, following recommendation by the National Committee for Promotion of Social and Economic Welfare.

Section 35AC notification extends eligible-project status and raises the allowable project cost for Visamo Kids Foundation.
The Central Government amended the Section 35AC notification to extend Visamo Kids Foundation's eligible-project status for an additional three financial years and to increase the maximum project cost allowable for deduction, following the National Committee's recommendation that the project is being properly executed; the amendment specifies that no exemption is available for the already lapsed financial year 2013 14.

Section 35AC eligible project extension: polio hospital project allowed continued eligibility and enhanced allowable project cost.
Notification under Section 35AC designates "Equipments and running of Polio Hospital at Ahmedabad, Gujarat" by Polio Foundation as an eligible project for a further three years commencing financial year 2014 15, and amends the earlier notification to substitute the previously notified maximum cost with an enhanced project cost, following a recommendation of the National Committee under the Income tax Rules.

Tax exemption under Section 35AC: eligible income generation scheme's eligibility extended for an additional three year period.
Central Government notifies the Income Generate programme executed by Bhartiya Shaikshik Sansthan as an eligible project under the Explanation to Section 35AC, on the recommendation of the National Committee, for a further three-year period commencing with financial year 2013-14; no exemption is available for the already lapsed 2013-14 year, and the approved project cost remains unchanged.