National Savings Certificate requires Aadhaar as unique identifier; enrolment proof accepted; submit Aadhaar by deadline.
The amendment substitutes the definition of "Aadhaar number" and inserts rule 4A making the Aadhaar number the unique identifier for establishing the identity of National Savings Certificate account holders; where Aadhaar is not assigned, proof of enrolment must be submitted, and depositors who had not given Aadhaar at application were required to submit it to the Post Office Savings Bank on or before 31 December 2017.

International sporting event tax notification designates FIFA U 17 World Cup organiser and specifies sponsor receipts as the taxable income category.
Notification designates the Federation internationale de Football Association under-17 Football World Cup as an international sporting event and the Federation as the person, and specifies organiser income consisting of receipts from national supporters as the specified income arising from organising the event, with subsequent substitution and omission entries altering the originally listed income items.

Foreign Tax Credit requires online submission of Form 67 before filing the income-tax return, with mandatory digital verification.
Credit for foreign taxes is conditioned on offering or assessing the corresponding income to tax in India and furnishing the statement and certificate on or before the due date for the return. Assessees required to e-file must prepare and submit Form 67 online via the e-filing portal before filing the income-tax return, following the form instructions and using a Digital Signature Certificate or Electronic Verification Code.

TDS on interest: pre-death interest reported to depositor PAN, post-death interest reported to legal heir PAN.
Interest on deposits under the Capital Gains Accounts Scheme must be treated for TDS purposes by period: interest accrued up to the date of death is to be deducted and reported against the PAN of the deceased depositor, and interest accrued after death is to be deducted and reported against the PAN of the legal heir, unless an authorized declaration provides otherwise.

Tax exemption under section 10(46) for regulatory commission specified income, subject to non commercial and filing conditions.
Notification under section 10(46) exempts specified income of Gujarat Electricity Regulatory Commission including government grants, petition/processing fees, licence and application fees, fines, interest on investments/deposits/accounts, document fees, penalty/interest on delayed licence fees, and RTI fees, subject to conditions that the Commission shall not engage in commercial activity, that activities and specified income remain unchanged, and that the Commission files its return of income per the Act; the notification is given retrospective application.

Tax exemption for gallantry awards where awards recognize exceptional courage and are certified by the head of department.
Notification specifies specified gallantry awards qualify for income-tax exemption when awarded for acts of exceptional courage or conspicuous gallantry and certified as such by the Head of the Department; the instrument names the award and makes departmental certification an operative precondition to the tax status.

Exchange of Information expanded to allow routine and on request sharing, including financial information, subject to secrecy and use limits.
The Protocol replaces Article 27 with an expanded Exchange of Information article mandating routine and on request sharing of information and documents necessary for administering the Agreement and domestic tax laws, with confidentiality protections, limited disclosure for secret information, and explicit inclusion of information held by banks, financial institutions, nominees or fiduciaries. It also inserts Article 27A on Assistance in the Collection of Taxes, requiring Contracting States to accept and enforce revenue claims and take conservatory measures under their domestic laws, subject to specified exceptions and procedural limits.

Research association approval conditions tax benefits on separate accounts, audited reports, certified donation statements and continued research compliance.
Central Government approval designates the Institute as a Scientific Research Association for income-tax purposes, subject to conditions that its sole objective is scientific research, it conducts research itself, maintains separate books for research receipts and expenditures, and files an auditor's report plus a certified statement of donations and sums applied for research with the income-tax return; approval is withdrawable for failures to keep accounts, furnish reports, certify donation statements, or for cessation or non-genuineness of research activities.

Computation of book profits: new Form 29B mandates CA certification and detailed Ind AS adjustment schedules for tax reporting.
The rules substitute Form No.29B and amend rule 12 to include section 115JC reference; Form No.29B requires a practising chartered accountant's certificate that book profits are computed per the statute, and an Annexure with Part A (general identification and core book-profit computation including add-backs, deductions and sub-section (2A)/(2C) adjustments), Part B (detailed Ind AS-related adjustments and OCI reconciliations to be carried to Part A) and Part C (convergence transition adjustments with one-fifth annualisation) to document Ind AS transition and related disclosures.

Long-term specified asset designation expands tax-saving bond eligibility; IRFC bonds redeemable after three years qualify for reinvestment relief.
The Central Government notifies that bonds issued by the Indian Railway Finance Corporation Limited and redeemable after three years are to be treated as long-term specified asset for the purposes of the Explanation to section 54EC of the Income-tax Act, applying to bonds issued on or after the date of the notification and thereby enabling their use for capital gains reinvestment relief.

Business connection exemption for eligible investment funds where fund manager acts on their behalf preserves non resident tax status.
Central Government notifies specified countries and territories under clause (b) of sub section (3) of section 9A of the Income tax Act so that, for an eligible investment fund, fund management activity carried out through an eligible fund manager acting on behalf of that fund shall not constitute a business connection in India of the fund; the notification takes effect upon its publication in the Official Gazette.

Exemption of specified conditions for Category I and II foreign portfolio investor funds now notified, effective on Gazette publication.
Government notifies that clauses (e), (f) and (g) of sub section (3) of the Income tax provision shall not apply to investment funds set up by Category I or Category II foreign portfolio investors registered under the foreign portfolio investor regulations; the exemption is effected under the proviso to that sub section and comes into force from publication in the Official Gazette.

Tax exemption for regulatory commission: specified non commercial income exempted subject to non commerciality and return filing conditions.
The Central Government notifies Himachal Pradesh Electricity Regulatory Commission as eligible for exemption under clause (46) of section 10 in respect of specified income - government grants, license fees from licensees in electricity, court or petition fees, and interest on such grants and fees - subject to conditions that the Commission shall not engage in commercial activity, that activities and the nature of the specified income remain unchanged, and that the Commission files its return of income as required by clause (g) of sub section (4C) of section 139; applicable for financial years 2017-2018 to 2021-2022.

Country-by-country reporting: automatic exchange of CbC Reports among competent authorities with confidentiality and use limits.
The Notification adopts the Multilateral Competent Authority Agreement, establishing automatic exchange of annual Country-by-Country Reports filed by Reporting Entities of MNE Groups among Competent Authorities where Constituent Entities are resident or taxed through permanent establishments, subject to reciprocity notifications, timing and transmission standards, domestic filing legislation, confidentiality and data use limitations for high level transfer pricing and BEPS risk assessment, consultation mechanisms for undesirable economic outcomes and provisions for suspension, amendment and termination of exchange relationships.

Designation of recipient for bulk tax information: Joint Secretary, Ministry of Corporate Affairs specified as data recipient.
Central Government specifies Joint Secretary, Ministry of Corporate Affairs as the recipient for purposes of sub-clause (ii)(a) of Section 138(1) of the Income-tax Act, 1961. The notification is to be read with a CBDT order designating the Principal Director General of Income-tax (Systems) as the designated authority tasked with furnishing the bulk information on identified parameters to that specified recipient, thereby creating an administrative information-sharing mechanism.

Definition of transfer clarified: wording amended and public sector company tied to appointed date in Tribunal approved scheme.
Amendment revises the Explanation to clause (19AA) of section two by substituting "to transfer" with "by way of transfer of" and by replacing "public sector company" with a specification of a public sector company on the appointed date indicated in the scheme approved by the Appellate Tribunal constituted under the Companies Act, thereby altering the notification published on 14 October 2016.

Amendment to income-tax notification reorders district schedule entries and adds Chief Commissioner designation for Pune.
The Board amends the Schedule of the earlier notification by omitting six district entries from their original serial positions and reinserting them after a later serial position, thereby reordering those districts, and by inserting "; Chief Commissioner of Income-tax, Pune" after the words "Principal Chief Commissioner of Income-tax, Pune" in another Schedule entry to add that designation.

Amendment to benami property notification relocates specified district entries and adds Chief Commissioner designation in Pune.
Amendment to the Schedule of S.O.1621(E) under the Prohibition of Benami Property Transactions Act removes certain district entries from serial number 18 (column 5), inserts those district entries into serial number 19 after "Shamli" (column 5), and inserts "; Chief Commissioner of Income-tax, Pune" after "Principal Chief Commissioner of Income-tax, Pune" in serial number 23.

Tax exemption notification grants specified income exemption to Noida SEZ Authority subject to non commerciality and filing conditions.
Notification under section 10(46) notifies Noida Special Economic Zone Authority as eligible for exemption in respect of specified incomes including lease rent at government rates; bank FDR interest; I card and permit receipts; allotment fees for Standard Design Factories; auction/bid proceeds for vacant plots/buildings; transfer charges; fees for Form I and building plan processing; site usage charges from service providers; and license fees for staff quarters. The exemption is subject to conditions: no commercial activity, unchanged activities and income character, and filing returns as per clause (g) of section 139(4C); it is applied retrospectively to prior fiscal years and for 2017-2018.

Tax exemption under section 10(46) for Assam State Biodiversity Board notified, subject to non commerciality and filing conditions.
Notification grants tax exemption to Assam State Biodiversity Board for specified income: grants from State and National Biodiversity Authority; fees for access to biological resources; consultancy/field study fees; interest on grants in aid from those authorities; and interest from bank term deposits. The exemption is subject to conditions that the Board shall not engage in commercial activity, that activities and the nature of specified income remain unchanged across financial years, and that the Board files its return of income as required. The notification applies retrospectively to two financial years and prospectively to three.