Registration and documentation requirements updated: Forms 10A/10AB revised to change declarations, code mappings and required supporting documents.
Amendments to Forms 10A and 10AB revise heading text, replace declaration and verification language, and prescribe new undertakings tied to specific section codes. Notes to the forms are restructured to clarify selectable section code mappings for registration under section 12A/80G and approvals under section 10(23C); several section code entries are omitted and substituted. Section code 02 now requires specified self certified supporting documents including formation instruments, registrations, prior year accounts (up to three years), business undertaking accounts with audit report where applicable, and prior rejection orders if any; applicants without prior registration must file a self certified affidavit. The rules take effect from 1 October 2024.

Exemption from specified income extended to District Legal Service Authorities, subject to non commercial activity and return filing requirements.
Notification designates District Legal Service Authority constituted by the Government of Haryana as a class of body under clause (46) of section 10, exempting specified incomes: grants from judicial and legal services authorities, grants or donations from Central or State Government, amounts under court orders, recruitment application fees, and interest on bank deposits. The exemption is conditional on no commercial activity, unchanged activities and nature of income during the financial years, and filing returns per clause (g) of sub section (4C) of section 139. It applies to assessment years 2024 25 to 2028 29 and lists the covered authorities and PANs.

Tax exemption for regulatory authority: specified income exempt if no commercial activity and prescribed return filing conditions met.
Notification grants exemption to Real Estate Regulatory Authority, New Delhi for specified income: government grants/loans, fees and penalties from builders/developers/agents and interest on those amounts, subject to conditions that the Authority shall not engage in commercial activity, its activities and nature of specified income remain unchanged, and it files returns as prescribed.

Exemption from specified income for a public water board, subject to non-commerciality and statutory return-filing requirements.
Notification grants exemption under clause (46) of section 10 for specified receipts of a public water supply and sewerage board, including government grants, prescribed centage, government-fixed water charges, pension and gratuity contributions, ancillary receipts (investigation, hire, tender schedule sales, rent) and interest on bank deposits. The exemption is conditional on absence of commercial activity,unchanged nature of activities and incomes across financial years, and compliance with the return-filing requirement; it applies retrospectively to certain assessment years and prospectively to a defined set of subsequent assessment years.

Income-tax exemption under section 10(46) covers State Load Despatch Centre Unscheduled Interchange Fund, subject to conditions and filing.
Exemption under section 10(46) is notified for the State Load Despatch Centre Unscheduled Interchange Fund - West Bengal State Electricity Transmission Company Limited for specified income comprising residual unscheduled interchange pool balances, income incidental to unscheduled interchange, and interest on fixed deposits and auto-sweep accounts; the exemption is conditional on non-engagement in commercial activity, unchanged activities and income nature across financial years, and filing returns as required by clause (g) of section 139(4C), and is deemed applicable to assessment years 2023-2024 and 2024-2025.

Designation of beneficiary-identification authority under tax law enables verified identification for social welfare scheme beneficiaries.
The Central Government designates the Principal Secretary and the Chairman of Odisha Computer Application Centre as the authority to identify genuine beneficiaries for state social welfare schemes, establishing responsibility for beneficiary verification under the Income-tax Act notification.

Online filing of Form 1 under Vivad Se Vishwas requires digital signature or electronic verification and generates electronic acknowledgement.
The procedure mandates online preparation and submission of the declaration and undertaking in Form 1 on the Department's e Filing portal, with verification under section 140 of the Income tax Act. Filing requires digital signature where returns mandate it or otherwise an electronic verification code; specified schedules must be completed with validations. Submission generates an electronic acknowledgement, is viewable/downloadable on the portal, and is treated as submission to the designated authority under Clause (e) of section 89 of the Scheme. The Notification is effective immediately.

Designated Authorities under the Direct Tax Vivad Se Vishwas Scheme appointed to exercise jurisdiction over declarants.
Notification appoints specified Principal Commissioners/Commissioners of Income-tax as Designated Authorities under the Direct Tax Vivad Se Vishwas Scheme, 2024, assigning each officer to a named CCIT charge and headquarters to exercise jurisdiction over declarants within their territorial scope; the schedule lists the designated authorities and the order takes effect from 01.10.2024.

Textual amendments: specified phrases and formula terms omitted from notification schedules, correcting prior Gazette publication errors.
Corrigendum directs specific textual omissions in the earlier income-tax notification: remove "OR to be filed" from Schedule V and "or appeal to be filed" from Schedule XXIII; omit the final formula term [+(figure)* B] in Schedule XII (rows X and Y) for new and old appellant cases; and omit the final formula term [+(figure)*C] in Schedules XX-XXVI (rows X and Y) for new and old appellant cases.

Dispute settlement under Vivad se Vishwas scheme: procedural forms, computed payment formulas and electronic certification required.
The Rules implement the Direct Tax Vivad se Vishwas Scheme, 2024 by prescribing definitions, electronic forms (Form 1 to Form 4), filing and verification procedures, and the role of the designated authority in issuing receipts, certificates and settlement orders. They fix the amount payable through formulas tied to filing dates and appellant status, provide detailed schedules for computing payable sums across appeal forums and dispute types, and set optional computation rules for reductions in loss, unabsorbed depreciation and MAT credit, with specified consequences for non payment and procedural requirements for withdrawal and proof.

Direct Tax Vivad Se Vishwas Scheme commencement appointed, bringing the scheme into force from the designated commencement date.
The Central Government, under sub section (2) of section 88 of the Finance (No. 2) Act, 2024, appoints the 1st day of October, 2024 as the date on which the Direct Tax Vivad Se Vishwas Scheme, 2024 shall come into force by Notification No. 103/2024 dated 19th September, 2024.

Approval as Other Institution for social science research under section 35 enables taxpayers to claim specified research deductions.
Auroville Foundation is approved as an Other Institution for social science or statistical research under the income-tax framework, with effect from publication and retrospective application to the stated previous year, making the approval applicable for the listed assessment years and confirming compliance with the income-tax rules governing research institution classification.

Institutional approval for scientific research enables deduction eligibility from specified assessment years under income tax rules.
Advanced Manufacturing Technology Development Centre, Chennai is approved as an Other Institution under the category 'University, College or Other Institution' for Scientific Research for purposes of clause (ii) of sub-section (1) of section 35 of the Income tax Act read with Rules 5C and 5E, with effect from publication in the Official Gazette and applied retrospectively to the specified assessment years.

National Savings Scheme: balances from 1 October 2024 bear no interest; earlier balances earned 7.5% interest credited annually.
The amendment to rule 6(1) provides that for the period from 1 March 2003 until before 1 October 2024 balances earn interest at seven-and-a-half per cent per annum on the lowest balance between the close of the tenth day and month, with interest calculated and credited annually; and that balances on or after 1 October 2024 shall bear no interest.

Tax exemption for transport workers' social security scheme: specified non commercial receipts exempt subject to activity and filing conditions.
Exemption is granted to West Bengal Transport Workers' Social Security Scheme for specified receipts-government grants; cess under the West Bengal Motor Transport Workers' Welfare Cess Act and rules; registration fees from beneficiaries; and interest on bank deposits-subject to conditions that the scheme shall not undertake commercial activity, shall maintain unchanged activities and the nature of specified income across financial years, and shall file its return of income as required by the Income-tax Act. The notification applies retrospectively to certain assessment years and prospectively to specified future assessment years.

Exemption from specified income: UIDAI's listed receipts exempted subject to non-commerciality and prescribed filing compliance.
Unique Identification Authority of India is notified as exempt under clause (46) of section 10 of the Income-tax Act in respect of specified receipts: central grants/subsidies; fees and subscriptions including RTI and tender fees, sale of scrap and PVC card; authentication, enrolment and updation service charges; term/fixed deposits; and interest on bank deposits, subject to conditions that it shall not engage in commercial activity, that activities and the nature of such income remain unchanged across the relevant years, and that it files returns under clause (g) of sub-section (4C) of section 139; applicable for assessment years 2024-2025 to 2028-2029.

Income exemption under section 10(46) granted to Karnataka State Natural Disaster Monitoring Centre, subject to specified conditions.
Exemption under section 10(46) is notified for Karnataka State Natural Disaster Monitoring Centre in respect of grant-in-aid from State and Central government, income from data sharing activities, and interest on bank deposits, subject to conditions that the Centre shall not engage in commercial activity, its activities and specified income remain unchanged across the relevant financial years, and it files its return of income under the applicable statutory return-filing requirement; the notification is retrospective for specified assessment years and prospective for subsequent assessment years.

Tax exemption for specified income: Kalyan Karnataka Region Development Board exempted for grants and bank interest, subject to conditions.
The Central Government notifies a tax exemption under clause (46) of section 10 of the Income tax Act for Kalyan Karnataka Region Development Board in respect of grants from the State Government of Karnataka and interest on bank deposits, subject to conditions that the Board not engage in commercial activity, that activities and the nature of specified income remain unchanged across financial years, and that the Board file its return of income as required. The notification is made retrospective to the assessment years 2022 2023 and 2023 2024.

Exemption from specified income: SAMEER eligible for tax relief on defined receipts subject to non commercial and filing conditions.
Exemption under clause (46) of section 10 is notified for SAMEER, Mumbai, limited to specified income streams: government grants; fees for test, measurement and consultancy; design and development charges in RF/microwave and allied areas; royalty and technology transfer receipts; miscellaneous income per its Memorandum of Association; and interest on bank deposits. The exemption is subject to conditions that the Society shall not undertake commercial activity, shall maintain unchanged activities and specified income across the financial year(s), and shall comply with the prescribed return-filing requirement. The notification is given retrospective effect for specified assessment years.

Tax exemption under section ten clause forty six for specified fees and deposit interest, subject to non commerciality and filing obligations.
Notification grants exemption under section 10(46) to Himachal Pradesh State Load Despatch Centre for income from fees/charges fixed by the State Electricity Regulatory Commission and interest on bank deposits, subject to conditions: no commercial activity, unchanged activities and nature of income, and filing returns under clause (g) of sub-section (4C) of section 139; the notification is made applicable retrospectively to the specified assessment years and is certified not to adversely affect any person.