Deduction of tax from professional/technical fees: Form 13E application authorises payer on withholding based on declared income.
Rule 28(5) requires an application in Form No. 13E for a certificate under the withholding provision for fees for professional or technical services. Form 13E mandates a declaration that the applicant's total income (including such fees) is below the taxable minimum or a stated amount, and that no substantial increase is expected for the next three assessment years, and requests a certificate authorising payers to not deduct tax or to deduct at a specified rate; the form requires signature, address, PAN and a Schedule of payers and fee amounts.

Exemption under section 35AC extended for construction of an Eye Care Centre in Jodhpur after National Committee recommendation.
The Central Government, under the Explanation to section 35AC of the Income-tax Act, specifies the construction of an Eye Care Centre by Smt. Tarabai Desai Charitable Ophthalmic Trust in Jodhpur as an eligible project for tax-exemption; following a National Committee recommendation that the project is properly executed and likely to extend beyond three years, the specification is extended for a further three assessment years commencing from the assessment year 1996-97, noting the project's estimated cost.

Exemption under section 35AC: eligibility for charitable Bombay Heart Brigades project extended for further assessment years and project cost increased.
Central Government designates the five Bombay Heart Brigades of the Rotary Club of Bombay Medical Trust as an eligible charitable project under the income-tax explanation clause, and, after a National Committee recommendation under the procedural rule, extends eligibility for a further three assessment years commencing 1996-97 while increasing the authorised project cost to an estimated sixty lakhs.

Exemption under section 35AC: extension of specified technical education project for women as an eligible scheme for further period.
Central Government specified that the Maharshi Karve Stree Shikshan Samstha's technical education project for women, comprising an Industrial Training Institute and a Polytechnic at Shirgaon, qualified as an eligible project for tax exemption under the provision corresponding to section 35AC; the National Committee recommended, having found the project properly executed, that the specification be extended for a further three assessment years, and the Government notified that extension together with the estimated project cost.

Tax exemption under section 35AC extended for Preventive Diagnosis Curative Medical Aid programme; eligibility renewed for a further period.
Central Government specifies the Preventive Diagnosis Curative Medical Aid and Mass Awareness programme of the Family Planning and Medical Aid Trust as an eligible project or scheme under clause (b) of the Explanation to section 35AC of the Income-tax Act, following the National Committee's recommendation and extending the prior specification for a further period of three assessment years commencing from assessment year 1996-97.

Exemption under section 35AC: specified educational construction projects in Karvenagar retain eligibility following administrative extension.
Notification under section 35AC re specifies three construction projects at Karvenagar, Pune-the arts and commerce college with 75% beneficiaries from backward classes; Phase III of the engineering college for 180 students in three disciplines; and the hostel first floor with kitchen and dining for 226 students with specified mess concessions-as eligible projects. The National Committee recommended extension under rule 11M(5), and the Central Government extends their specification for a further three assessment years commencing from the assessment year 1996-97.

Exemption under section 35AC approves institutions and specifies eligible projects and deductible costs for limited assessment years
Approval is granted for specified institutions and their listed projects to qualify for the Income Tax exemption under section 35AC, with each entry identifying the institution, the eligible project, an estimated project cost and the maximum amount of that cost allowable as a deduction. The notification specifies different temporal scopes for the approvals, including a one year period for one project and a multi year period for the remaining projects, and records later substitutions amending certain cost figures.

Exemption for employee welfare funds: permitted cash benefits include superannuation, illness, education costs, medical tests and death benefits.
Notification under clause 10(23AAA) authorises exempt funds for employee welfare to pay cash benefits to a member on superannuation, for illness of the member or his spouse or dependent children, to meet education costs of dependent children, to fund annual medical tests or checkups for the member, spouse and dependants, and to pay cash benefits to dependants on the member's death.

Difference payable on Zero Coupon Bonds specified under section 193 proviso; applies when held by specified financial institutions.
The Central Government specifies the difference payable between the redemption value and the bid price of Zero Coupon Bonds for the purpose of the proviso to section 193, identifying that amount as the relevant sum arising on bonds issued under the Government's auction scheme. The specification applies when such bonds are held by prescribed institutional holders including banking companies, co-operative banks, public financial institutions, Discount and Finance House of India Ltd., and Securities Trading Corporation of India Ltd.

Cost Inflation Index specified under Explanation to income tax provision, establishing indexation values for capital gains computation.
The Central Government, under clause (v) of the Explanation to the income tax provision for capital gains, specifies the Cost Inflation Index for financial years 1981-82 to 1995-96 based on seventy five per cent of the average rise in the Consumer Price Index for urban non manual employees. The notification publishes a table of CII values, ranging from 100 (1981-82) to 281 (1995-96), to be used as indexation factors in computing indexed cost of acquisition for capital gains.

Tax-exempt bonds specified for Konkan Railway; tax-free status granted subject to holders registering with the corporation.
The Central Government specified certain Konkan Railway bonds as tax-free securities, designating a second series issued by Konkan Railway Corporation Limited and treating interest on those bonds as exempt; the exemption is admissible only if the holder registers his name and holdings with the Konkan Railway Corporation Limited.

Specified accounts under section 10(15)(v)(b) designated for Bhopal Hospital Trust, naming bank and sole trustee.
Central Government designates certain bank accounts as qualifying accounts for the purposes of section 10(15)(v)(b), effective from the first day of April, 1995. The notification specifies Account Nos. 807/787 and 57/078049 with the State Bank of India, Main Branch, Parliament Street, New Delhi, held in the name of Sir Ian Percival, Sole Trustee, Bhopal Hospital Trust, as the accounts so specified.

Specified securities under section 80L: taxable secured redeemable non-convertible bonds designated for deduction eligibility.
Central Government specifies three tranches of taxable secured redeemable non-convertible bonds issued by Mahanagar Telephone Nigam Limited as specified securities under clause (ii) of sub-section (1) of Section 80L of the Income-tax Act, 1961, identifying each tranche by interest rate, distinctive serial number ranges and aggregate issue amounts, thereby placing those instruments within the statutory category for the purposes of the clause.

Minority communities recognition designates Muslims, Christians, Sikhs, Buddhists and Zoroastrians under an income tax provision for tax purposes.
Designation of specified religious groups as minority communities under the Explanation to clause (26BB) of the Income tax Act: by Notification No. S.O.613(E) dated 5-7-1995 the Central Government declares Muslims, Christians, Sikhs, Buddhists and Zoroastrians (Parsis) to be the minority communities for the purposes of that provision.

Notification of articles and things confirms inclusion of software and other items, excluding scheduled items under the tax provision.
Central Government notification designates as articles and things, explicitly including computer software, all articles and things other than those specified in the Eleventh Schedule for the purposes of the explanatory clause linked to the tax-exempt receipts provision, thereby identifying the class of items covered and excluding scheduled items from that designation.

Specification of projects under section 35AC extends eligibility for specified Manav Seva Pratishthan schemes for a further period.
The Central Government specifies five projects carried out by Manav Seva Pratishthan as eligible projects or schemes for a further assessment-period term, encompassing construction of hostels, water facilities, primary school buildings, a medical clinic, and recurring expenses for schools and homoeopathic clinics. The extension is based on a National Committee recommendation that the projects are being executed properly and is conditional on continuation without change in the approved cost.

Exemption under section 35AC extended for rehabilitation scheme after National Committee recommendation, enabling continued tax-eligible status.
Central Government specifies the Rehabilitation Centre for handicapped carried out by Manovikas Kendra, Calcutta, as an eligible project for income-tax exemption for a further period of three years commencing from the assessment year 1996-97, following the National Committee's recommendation and without change in the approved cost.

Exemption under section 35AC extended to school construction and furniture project, enabling continued eligibility for further assessment years.
The Central Government specifies the construction of and provision of furniture in Sharadabai Pawar Vidhya Niketan School at Sharadanagar, Baramati, Pune, executed by Baramati Agricultural Development Trust, as an eligible project for tax exemption; the National Committee recommended, having found proper execution, that the project be specified for a further three assessment years commencing from the assessment year 1996-97, thereby extending its eligibility period.

Exemption under section 35AC extended for construction of sports complex as eligible project for further assessment year
The Central Government, acting under the Explanation to section 35AC and on the National Committee's recommendation that the project is being executed properly, specifies the construction of the sports complex at Chas Kaman Lake Residential School by Krishnamurti Foundation India as an eligible project for a further one-year period in relation to the assessment year 1996-97, without change in the approved cost.

Exemption under section 35AC extended for specified rural development projects, preserving continued tax-eligibility following committee recommendation.
Central Government, exercising powers under clause (b) of the Explanation to section 35AC of the Income-tax Act, specified PYOH II US Aid; construction of low-cost houses; Jaipur District Rural Health Project; and poultry raising and garment making for rural women carried out by Jaipur Rural Health and Development Trust as eligible projects for a further three assessment years commencing from assessment year 1996-97, on the National Committee's recommendation under sub-rule (5) of rule 11M, without change in the approved cost.