Statement of income distribution requires investment funds to report unit-holder allocations and file a verified electronic return.
Investment funds and persons responsible for payments must provide a statement of income distributed or credited to unit holders in Form No.64C to each unit holder and file a consolidated Form No.64D electronically with the tax authority, both by prescribed deadlines, with Form No.64C verified by the payer and Form No.64D verified by an accountant. Form No.64D requires fund identification, SEBI registration details if applicable, total income, specified loss adjustments, an allocation schedule of income components and an annexed unit-holder list with PANs, supported by audited accounts and registration certificates; the tax systems wing will prescribe the electronic filing procedure and security policies.

Pension Fund recognition: HDFC Retirement Savings Fund designated under income-tax deduction provision for assessment years onward.
The Central Government specifies the HDFC Retirement Savings Fund, established by HDFC Mutual Fund and registered under SEBI Mutual Fund regulations, as a Pension Fund for the purposes of the income-tax deduction provision in clause (xiv) of sub-section (2) of section eighty-C, applying to the assessment year beginning 2016-17 and subsequent assessment years; the notification takes effect upon publication in the Official Gazette and was corrected by a pre-publication corrigendum.

Transfer pricing documentation: cooperative societies procuring milk must maintain detailed records and publicly declare pricing.
Amendments include purchases of milk and milk products by co-operative societies as eligible specified domestic transactions and require such societies to maintain ownership and membership descriptions, transaction terms and values, actual workings for determining the transfer price, assumptions and negotiations, evidence of routinely declared public prices, and any other information relevant for transfer price determination. The rules define qualifying pricing based on milk quality parameters irrespective of procurement quantity or members' shareholding, and amend Form 3CEFB to require quantity, milk-equivalent, rate, uniformity of payment, and conformity disclosures with a transitional filing allowance.

Eligible project extension under section 35AC continues for Ayodhya Charitable Trust's rural rehabilitation scheme.
The Central Government notifies the Ayodhya Charitable Trust's "Community based rehabilitation programme through rural health services" as an eligible project under the Explanation to section 35AC for a further three year period beginning 2015 16, on the National Committee's recommendation under the Income tax Rules, confirming continuation of the approved project cost and reflecting prior extensions.

Section 35AC deduction approvals allow specified institutions' projects to qualify for tax deductions under notified eligible projects.
The Central Government, on the National Committee's recommendation, notifies specific institutions and approves their eligible projects and schemes as qualifying for deduction under Section 35AC, specifying for each the estimated project cost, the maximum amount allowable as a deduction and the period of approval. A table lists twenty-eight institutions with project descriptions, recommended estimated costs and deductible limits, with most approvals tied to a multi-year period and a minority to alternative timeframes.

Service of communication addresses specified for tax notices, with prioritized physical and electronic address rules and security standards.
Service of notice and other communications under the Income tax Act is governed by newly inserted rule 127, prescribing a prioritized list of addresses for physical delivery (PAN database, address in the relevant return, last furnished return, company registered office) and for electronic delivery (email in the relevant return, email in the last return, company email on MCA website, or any email furnished by the addressee). The designated systems authority must specify procedures, formats and standards for secure electronic transmission and implement security, archival and retrieval policies.

Discontinuation of National Savings Certificate IX issue: issuance withdrawn effective from the notified date by administrative order.
The competent authority has directed that the National Savings Certificate (IX Issue) be discontinued, with the discontinuation taking effect on the notified effective date. The memorandum, issued by the Department of Economic Affairs, Budget Division and communicated by the Under Secretary, records formal approval and serves as an official notification to withdraw acceptance and issuance of the specified NSC series from that effective date.

Double taxation avoidance treaty establishes taxing rights, PE rules, withholding limits and mandatory exchange of information.
Bilateral tax treaty between India and Thailand to avoid double taxation and prevent fiscal evasion applies to residents and taxes on income, defines residence, permanent establishment and other key terms, allocates taxing rights (immovable property, business profits, shipping and air transport, dividends, interest, royalties, capital gains), prescribes PE attribution and profit determination rules, provides relief by credit or exemption, includes non discrimination, mutual agreement procedure, and comprehensive exchange of information subject to confidentiality, while preserving domestic anti avoidance measures and specifying entry into force and application timelines.

Form 15G/15H electronic verification requirement: payers must enable e filing, assign unique IDs and upload declarations quarterly.
Payers must electronically verify, archive and upload all Forms 15G/15H (electronic or digitized) quarterly, allotting a Unique Identification Number composed of a running sequence, financial year and payer TAN; declarants must quote PAN, payers must quote the UIN sequence in quarterly TDS statements irrespective of tax deduction, retain electronic logs, and reconcile and report any UINs missing from TDS statements or not uploaded to the departmental site.

Stringent Authentication mechanism enhances secure TRACES access and centralized correction filing for banks and corporates.
A centralized authentication mechanism requires banks and corporate deductors to route TRACES access for correction filings and certificate downloads through their Corporate Headquarter server, which validates branch login credentials and IP, produces a digitally signed encrypted payload submitted via HTTPS POST with specified parameters (including PAN, TAN, authorised person details, contact and timestamp), and enables TRACES to authenticate particulars and grant TAN account access; phased migration and listed unauthorized-access scenarios are provided.

Selection Grade placement: Joint Commissioners advanced to Non-Functional Selection Grade, changing pay and grade status.
Placement of specified Joint Commissioners of Income Tax in the Selection Grade (Non-Functional Selection Grade) is notified, effecting an upward pay and grade classification for the named officers within the prescribed pay structure. The notification records the officers by name and service codes, indicates a retroactive effective date, and notes that a Hindi version will follow.

Section 35AC eligibility extended for rehabilitation project, enabling tax-deductible expenditure for three further financial years.
Notification designates the Centre for Rehabilitation and Development, Chitrakoot carried out by Jagadguru Rambhadracharya Handicapped University as an eligible project under section 35AC for a further three-year period beginning with financial year 2015-16, on the recommendation of the National Committee, without any change in the approved cost of Rs. 30.00 crore including a corpus fund of Rs. 10.00 crore, thereby preserving its entitlement to tax-deduction treatment for that period.

Deduction under Section 35AC: project cost cap increased for notified vocational and hostel expansion, enabling larger qualifying expenditure.
Notification under Section 35AC increases the maximum recognised project cost for the notified vocational courses and girls' hostel expansion carried out by Jamia Islamia Ishaatul Uloom, substituting the earlier notified cost figure with an enhanced ceiling while retaining the corpus fund component, thereby revising the upper limit of qualifying expenditure deductible under the section following the National Committee's recommendation.

Eligible project extension under income tax deduction provisions grants further multi-year eligibility and raises approved project cost.
The Central Government re-notifies the Jamiah Uloomul Quran reconstruction scheme as an eligible project for deduction under the Income-tax Act, extending its period of eligibility for a further three financial years beginning 2015-16. The notification also amends the earlier sanctioned project cost by increasing the maximum allowable project cost, following the National Committee's recommendation that the project is being executed properly and warrants extension and cost revision.

Section 35AC eligibility extended for Social Service Centre project, allowing tax-deductible expenditure for a further three-year period.
The Central Government designates the Social Service Centre, Vandalur, Chennai project for infrastructure development for educational, vocational, medical, social and economic development of the disabled and Scheduled Caste community as an eligible project under Section 35AC, without altering the approved project cost, and extends its notified period for a further three financial years following the National Committee's recommendation that the project is being executed properly.

Deduction under Section 35AC extended to a charitable hospital project for an additional three years and amended project cost.
The Central Government, on the National Committee's recommendation, has extended the project "Extension of Nour Charitable Hospital and Research Center" carried out by Jamia Islamia Ishaatul Uloom for a further three financial years commencing 2015-16 and has amended the earlier notification by substituting the previously notified project cost with a higher revised cost, thereby altering the maximum amount of expenditure allowable as a deduction under Section 35AC.

Extension of eligible project notification under section 35AC: project re notified for further period; no certificate for lapsed year.
Notification extends the eligibility of CORD's comprehensive integrated sustainable rural development project under section 35AC for a further three-year period without altering the approved project cost, following the National Committee's recommendation that the project is being executed properly; it also clarifies that no certificate under section 35AC will be issued for the already lapsed financial year.

Eligible project amendment under section 35AC: Vedanta project renamed while retaining original approved cost and eligibility.
The Central Government amends the specified eligible project carried out by Vedanta Foundation by substituting the project name to "Vedanta Computer Education and Vedanta Bal Shakti Angawadi Project," without any change to the approved cost, following the National Committee's recommendation and preserving the project's eligibility for deduction under the Income-tax Act.

Section 35AC eligibility extension: Udayan Care Jagshanti hostel notified for further period under tax benefit rules
The Central Government, under the Income-tax Act, has notified "Jagshanti Udayan Care Hostel for Women" carried out by Udayan Care as an eligible project or scheme for a further three-year period beginning with financial year 2015-16, preserving the approved cost of Rs. 310.00 lakh including a corpus fund of Rs. 210.00 lakh, and acting on the National Committee's recommendation and satisfaction that the project is being properly executed.

Extension of eligible project under income-tax provision: cre che and school enrollment scheme for children of workers continues under Plan International for a further period.
The notification renews the scheme Establishing and running of cre ches and enrollment in schools of the children of workers employed in factories or at building sites as an eligible project under the Income-tax Act, on the National Committee's recommendation, without any change to the previously approved project cost, and authorises continuation for a further three-year period commencing with the next financial year.