Cost Inflation Index specified under Explanation to section 48 enabling indexed cost computation for financial years up to 1997-98.
The Central Government specifies the Cost Inflation Index based on seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees, and publishes numeric index values for each financial year from 1981-82 through 1997-98. Those indices are prescribed for use in computing indexed cost of acquisition for capital gains tax purposes and are set out in an attached table.

Double taxation relief-treaty allocates taxing rights and limits withholding tax on cross border dividends, interest and royalties.
Convention allocates taxing rights between India and Kazakhstan, defining residency, taxes covered, and a detailed permanent establishment concept for attributing business profits; it limits source taxation and withholding on dividends, interest, royalties and technical service fees where the beneficial owner is a resident of the other State, prescribes methods to eliminate double taxation, and provides mutual agreement, information exchange, collection assistance and non discrimination protections.

Tax treaty allocates cross border taxing rights and provides mechanisms to eliminate double taxation between India and Belgium.
The Agreement allocates taxing rights by income category and defines resident status and permanent establishment; business profits are taxable in the residence State unless attributable to a permanent establishment in the other State, with arm's length attribution and specified deduction rules. It prescribes taxation rules for immovable property, dividends, interest, royalties, capital gains, personal services, pensions and specified exemptions, and establishes methods for elimination of double taxation by deduction or exemption and credit. Administrative cooperation includes a Mutual Agreement Procedure, Exchange of Information with confidentiality safeguards, and mutual assistance in recovery of taxes.

Notification under section 47(ix): Indira Gandhi National Centre for the Arts recognised for specified assessment years under Income tax law.
Central Government notification under section 47(ix) of the Income tax Act designates the Indira Gandhi National Centre for the Arts, New Delhi, as covered by that sub clause for the specified assessment years, thereby treating its receipts and transfers as within the statutory exclusion provided by that provision.

Housing finance company approval under section 36(1)(viii) granted; subject to compliance with statutory provisions.
Approval granted to M/s. Happy Home profin Ltd. as a housing finance company for purposes of section 36(1)(viii) of the Income tax Act for the specified assessment years, subject to the condition that the company will conform to and comply with the provisions of section 36(1)(viii) of the Income tax Act.

Double taxation avoidance agreement: residence-based scope and specified tax coverage with mutual notification of tax law changes.
The corrigendum provides that the Double Taxation Avoidance Agreement applies to persons resident in one or both Contracting States, lists covered taxes including the domestic income tax in one State and Company Income Tax and Profit Tax in the other, and extends to identical or substantially similar taxes enacted later, with competent authorities required to notify each other of substantial taxation law changes.

Industrial backward district classification establishes Category A and B lists, determining eligible areas for section 80-IA tax incentives.
Central Government, under section 80-IA of the Income-tax Act, specifies and lists districts as industrially backward in two classes, Category A and Category B, for determining eligibility for the section's tax provisions. The notification supersedes an earlier notification, treats reorganised districts according to the Census boundaries used by the study group, and declares retrospective commencement from 1st October, 1994.

Tax deduction for specified charitable donations expanded to include additional regions and socio economic programmes under notified entries.
Amendment under section 35AC alters Notification No. S. O. 388 (E) by modifying Table entries: Maitri Mandal Trust's territorial coverage is extended to include Gujarat, and Swami Vivekananda Youth Movement's notified activities are expanded to include a socio economic programme under the Integrated Rural Development Project.

Exemption under Section 35AC: designation of a common effluent treatment plant as eligible, extending tax benefit.
Central Government under Section 35AC specifies the setting up of a common Effluent Treatment Plant at P-24, MIDC, Taloja as an eligible project for tax-exemption for a further assessment year, following the National Committee's recommendation to extend the period and enhance the approved project cost; entitlement to exemption is subject to the revised approved cost and applicable procedural requirements under the Income-tax Rules.

Exemption under section 35AC: eligibility of a specified rural health and socio economic programme extended for a further period.
The Central Government specified the comprehensive three tier rural health care and socio economic integrated programme of Arpana Research and Charities Trust in Haryana and Himachal Pradesh as an eligible project under section 35AC for a further three year period commencing from the assessment year 1998 99, acting on the National Committee's recommendation and noting an estimated project cost of one hundred twenty lakhs.

Exemption under section 35AC extended for a specified rehabilitation project, confirming continued eligibility and approved project cost.
The Central Government specifies the rehabilitation centre for handicapped of Manovikas Kendra, Calcutta, as an eligible project under section 35AC for a further period of three assessment years commencing from the assessment year 1997-98, at an estimated approved cost of rupees four crores, following the National Committee's recommendation that the project is being executed properly.

Exemption under section 35AC extended for Ida Scudder endowment fund as an eligible project for three years.
The Central Government specified the establishment of an endowment fund for free treatment of in patients and out patients under the Ida Scudder Centenary Project 2000 as an eligible project or scheme, adopting the National Committee's recommendation that the project is being properly executed and extending its eligibility for a further three year period commencing from the relevant assessment year, pursuant to the statutory powers to designate projects for income tax exemption purposes.

Exemption under section 35AC: specified charitable rehabilitation and welfare projects granted extension as eligible projects under the Act.
The Central Government specified construction, furnishing and operation of a free school and hostel for destitute and rural blind children, a rural geriatric block for destitutes, a primary health centre for rural poor children, and a community kitchen and dining hall at a named centre in Andhra Pradesh as an eligible project under the exemption provision, and, following a recommendation by the National Committee that the project was being properly executed, extended that specification for a further period of assessment years at the estimated project cost.

Constituency allowance exemption for Madhya Pradesh legislature members under clause 10(17)(iii) clarified and superseded by notification.
The Central Government notifies that constituency allowance received by Members of the Madhya Pradesh State Legislature is exempt under clause (17)(iii) of section 10 of the Income tax Act up to a prescribed monthly ceiling, superseding the earlier notification and with a corrigendum amending the effective date of the revised exemption.

Place of public worship designation under section 80G permits tax-deduction eligibility for donations toward temple repair works.
The Central Government specified Sri Sundaravaradaraja Perumal Temple, Uttaramerur, Chengalput District, Tamil Nadu, as a place of public worship for the purposes of section 80G of the Income-tax Act, 1961; the recognition applies solely to donations used for the repair and renovation of the temple and is valid only up to a stated monetary ceiling for that purpose.

Section 35AC deduction approval: specified company projects eligible for capped tax deduction for the relevant assessment year.
Approval under Section 35AC is granted to Bajaj Hindustan Limited for specified rural development and public health projects (bio gas plant, pump set distribution, windmill and pump set maintenance, immunisation and cholera vaccination camps, tree plantation and rural extension services) at locations in District Kheri, Uttar Pradesh, with the estimated project cost and a stated maximum amount of that cost allowed as deduction; the approval is operative for a one year period in relation to the notification's assessment year.

Tax deduction for notified charitable projects: specified institutions and projects qualify subject to prescribed eligible cost limits.
Notification under Section 35AC approves specified charitable institutions and designates particular projects or schemes as eligible for deduction. For each listed institution the notification describes the project, gives an estimated cost, and specifies the maximum portion of that cost allowable as a deduction, sometimes identifying an amount to be retained as a corpus fund. Amendments to certain cost figures and corpus components are recorded in the notes.

Capital gains exemption: specified long-term debentures qualify for reinvestment relief under section 54EB as notified.
The notification specifies debentures to be issued by Reliance Utilities and Power Limited as long-term specified assets for purposes of section 54EB, making such debentures qualifying instruments for capital gains reinvestment relief, subject to prescribed aggregate issuance limits and a deferred transferability or convertibility condition.

Exemption from capital gains: specified securities designation permits reinvestment in designated shares and debentures under the tax provision.
The Central Board of Direct Taxes specifies particular shares and debentures as specified securities for reinvestment to claim exemption from long term capital gains under the Income tax Act, subject to capped issuance amounts and a condition that the securities be transferable or convertible only after three years.

Capital gains exemption under section 54EA: specified reinvestment in Reliance Ports securities qualifies for relief.
Notification designates particular issuances by Reliance Ports and Terminals Limited as specified securities for exemption under section 54EA, identifying two categories-shares and debentures-each subject to aggregate issuance limits and conditioned to be transferable or convertible only after three years, thereby qualifying reinvestment in those instruments for long term capital gains exemption.