Exemption under section 35AC: specification extended for a charitable project enabling continued tax exempt contributions.
The Central Government, under the powers of section 35AC, specifies that Sunrise Charitable Trust's project for purchase of office premises, furniture/fixtures and provision of medical relief to economically weaker sections in Kheda, Gujarat remains an eligible project for tax exemption for a further three years beginning from financial year 2005 06, without any change in the previously approved cost, following the National Committee's recommendation under rule 11M.

Tax exemption under section 35AC extended for free eye services scheme by central government following committee recommendation.
Central Government specified the free eye services scheme carried out by Gujarat Blind Relief and Health Association as an eligible project under the Explanation to section 35AC of the Income-tax Act, further extending its specification for a two-year period on the National Committee's recommendation and without any change in the approved project cost, thereby qualifying the scheme for the tax exemption mechanism pursuant to the statutory provision and rule-based extension procedure.

Exemption under section 35AC extended by Central Government for Sankar Foundation hospital equipment and running project eligibility.
Central Government specifies further extension of tax-exemption eligibility under section 35AC for Sankar Foundation's hospital project in Visakhapatnam for a further three-year period, confirming the project as an eligible project or scheme and maintaining the previously approved project cost; the action follows a recommendation by the National Committee under rule 11M.

Exemption under section 35AC: amendment raises the approved project cost cap for a specified SOS children's village scheme, enlarging deductible scope.
Central Government amended the earlier notification under section 35AC to increase the maximum approved project cost in the Table against serial number 6, substituting a higher project cost figure in column (4), thereby raising the maximum amount of project cost to be allowed as a deduction for the specified SOS Children's Village of India scheme providing administration and maintenance of 27 existing villages.

Exemption under section 35AC: hospital development scheme's eligibility extended further; approved project cost remains unchanged.
The Central Government specifies the hospital equipment purchase and development project at Ambawadi, Ahmedabad, executed by Thakershy Charitable Trust, as an eligible project for Income-tax exemption pursuant to the statutory provision; this specification extends eligibility for a further three-year period from the stated financial year on the National Committee's recommendation and leaves the previously approved project cost and corpus fund unchanged.

Section 35AC specification extends eligibility for a charitable rural outreach eye care project for a further term.
The Central Government, invoking powers under Section 35AC, specifies the expansion of rural outreach programmes carried out by Ishwar Charitable Trust (Ishwar Eye Institute) - ICARE, as an eligible project for income tax exemption and, following the National Committee's recommendation, extends that specification for a further two years from financial year 2005 06 without any change in the approved project cost.

Exemption under section 35AC: Medical Relief project eligibility extended and allowable project cost increased for further period.
The Central Government, under section 35AC, has specified the Medical Relief Project at Ahmedabad by Dardiono Rahat Fund as an eligible project for deduction purposes and has extended that specification for a further three-year period commencing with the financial year 2005-2006; it has also amended the earlier notification to increase the maximum allowable project cost for deduction, following a recommendation of the National Committee for Promotion of Social and Economic Welfare.

Exemption under section 35AC extended for Navajeevan Blind Relief Centre projects, continuing tax-eligible benefit period.
The Central Government specifies under section 35AC that Navajeevan Blind Relief Centre's activities at Tiruchanur Village - (a) free school and hostel for destitute and rural blind children; (b) rural geriatric block for fifty destitutes; (c) primary health centre for rural poor and children; and (d) community kitchen and dining hall - are eligible projects for a further two years beginning from financial year 2005-2006, on the National Committee's recommendation and without any change to the approved cost ceiling.

Tax exemption under section 35AC: specification of animal welfare project extended for a further three-year period.
The Central Government, under the Income-tax Act, continues the specification of People for Animals' scheme for maintenance of animal hospitals, purchase of medicine, feed and ambulances, and animal awareness programmes as an eligible project for a further three years from financial year 2005-2006, following the National Committee's recommendation and without any change to the approved cost of Rs. 490 lakhs.

Tax exemption extension for specified social welfare project continues as eligible scheme for an additional period.
Pursuant to a recommendation by the National Committee for Promotion of Social and Economic Welfare under rule 11M, the Central Government specifies the Shraddha Rehabilitation Foundation project at Borivli as an eligible project for a further period of three years commencing from the financial year 2005-2006, with no change in the approved cost of Rs. 43.30 lakhs.

Exemption under section 35AC renewed for specified charitable project; eligibility extended and approved cost unchanged.
The Central Government specifies the project for construction of school and dispensary buildings and integrated development of the poor and marginalised in Trikkadavoor, executed by Shri G.J. Fernandez, Chooravilla Joseph Development Foundation, as an eligible project for exemption under section 35AC for a further two years commencing financial year 2006-2007, on the National Committee's recommendation, without any change in the approved cost including the corpus fund.

Approval under Section 35(1)(iii) enables donor deductions subject to audited research accounts and auditor certification conditions.
Approval is granted to Centre for Research in Rural & Industrial Development as qualifying under clause (iii) of sub section (1) of section 35, subject to maintaining separate accounts for research, filing audited income and expenditure accounts for each approved year by the return due date or within ninety days of notification, and furnishing an auditor's certificate specifying amounts received for qualifying research donations and certifying that expenditures were for social science/statistical research.

Research donation deduction: approval requires separate research accounts, audited accounts, and auditor certification for qualifying contributions.
Approval under Section 35(1)(ii) is subject to maintaining separate research accounts, submitting audited Income and Expenditure accounts for each approved financial year to the tax exemption authority within the prescribed filing timeframe, and providing an auditor's certificate specifying amounts qualifying for deduction and certifying that expenditure related to social science/statistical research.

Approval under Section 35(1)(ii) enables donor deduction eligibility subject to separate accounts, audited filings and auditor certificates.
Approval under Section 35(1)(ii) recognises Sitaram Bhartia Institute as partly engaged in research and conditions eligibility for donor deductions on three requirements: maintaining separate research accounts; submitting audited Income and Expenditure accounts for each approved year to the tax authority by the filing due date or within the notice period; and furnishing an auditor's certificate specifying amounts received for qualifying research donations and certifying that expenditure related to eligible research.

Approval under Section 35(1)(ii) requires separate research accounts, audited income expenditure filing and auditor certification for donor deductions.
Diabetic Association of India approved as an institution partly engaged in research for purposes of donor deduction, subject to conditions: maintain separate accounts for research; submit audited income and expenditure accounts for research activities to the tax authority by the return due date or within the prescribed period; and furnish an auditor's certificate specifying amounts received eligible for donor deduction and certifying that expenditures were for social science/statistical research.

Approval under Section 35(1)(ii) requires separate research accounts, audited statements and auditor certificates for donor deduction eligibility.
Approval under Section 35(1)(ii) is granted to the Medical Research Centre of Bombay Hospital Trust for a specified period as an institution partly engaged in research, subject to maintaining separate research accounts, filing audited Income and Expenditure accounts for each approved year by the return due date or within 90 days of notification, and furnishing an auditor's certificate specifying deductible research contributions and certifying that expenditures were for social science/statistical research.

Charitable exemption conditions limit application of income, permitted investments, distributions, and business income for notified foundations under specified conditions.
The Central Government notifies India Polo Promotion Foundation as a notified entity subject to conditions: income must be applied or accumulated exclusively for its objects in accordance with the accumulation and application provisions; investments of funds are restricted to specified forms and modes; income distribution to members is prohibited except as grants to affiliated associations or institutions; and the exemption does not apply to business profits unless the business is incidental and maintained in separate books.

Deduction under section 35AC: Government approves specified institutions and projects, fixing eligible costs and time-limited deduction periods.
Approval is granted for specified institutions and projects as eligible for tax deduction under section 35AC, listing each institution, the eligible project or scheme, the estimated project cost and the maximum portion of that cost allowable as a deduction. The notification fixes time-limited approval periods-generally three financial years for most projects and two years for one entry-and notes subsequent substitutions of certain approved cost figures by later notifications.

Pension fund specification: UTI Retirement Benefit Pension Fund recognised under section 80C(2)(xiv) from assessment year 2006 07.
The Central Government specifies the UTI Retirement Benefit Pension Fund, set up by the company referenced in the Unit Trust of India (Transfer of Undertaking and Repeal) Act, as a pension fund for purposes of the pension deduction provision in section 80C, effective for the assessment year 2006 07 and subsequent assessment years.

Equity linked savings scheme sets holding and repurchase rules with mandated equity allocation and periodic repurchase pricing.
The Equity Linked Savings Scheme permits eligible assessees to invest in units of Unit Trusts or specified Mutual Funds under formulated plans subject to minimum subscription rules and a prescribed holding period before units may be tendered for repurchase. Units become transferable only after the holding period. Funds of plans must be principally invested in equities and convertible instruments, with temporary investment allowed in liquid instruments; repurchase prices are periodically announced, may reflect unrealised appreciation subject to specified deductions, and plans have a capped operational life with early termination permitted where most units are repurchased.