Annuity plan specification under section 80C designates specified LIC annuity plans as eligible for tax consideration from the stated assessment year.
The Central Government, under clause (xii) of sub-section (2) of section 80C, notifies that New Jeevan Dhara, New Jeevan Dhara-I, New Jeevan Akshay, New Jeevan Akshay-I and New Jeevan Akshay-II, as filed with the insurance regulator, are the annuity plans of the Life Insurance Corporation to be treated as annuity plans for the purposes of the clause for assessment year 2006-07 and subsequent assessment years.

Specification of Unit Linked Insurance Plan under section 80C qualifies LIC Mutual Fund ULIP for assessment years starting 2006-07.
The Central Government, exercising powers under clause (xi) of sub section (2) of section 80C of the Income tax Act, 1961, specifies the Unit Linked Insurance Plan (formerly Dhanraksha 1989) of the Life Insurance Corporation Mutual Fund for the purposes of that clause for the assessment year 2006 07 and subsequent assessment years by Notification No. 224/2005 dated 3 11 2005.

Tax deduction under Section 80C: National Savings Certificates specified as eligible for deduction for future assessment years.
The Central Government, under clause (ix) of sub section (2) of section 80C of the Income tax Act, specified the National Savings Certificates (VIII Issue) issued under the Government Savings Certificates Act, 1959 as qualifying savings certificates by Notification No. 223/2005 dated 3 11 2005, applying to the assessment year 2006 07 and subsequent assessment years.

Public Provident Fund specified under Section 80C as qualifying deduction for subsequent assessment years by government notification.
The Public Provident Fund established under the Public Provident Fund Scheme, 1968 is specified by government notification as qualifying for deduction under clause (v) of sub-section (2) of section 80C of the Income-tax Act for the assessment year 2006-07 and subsequent assessment years.

Income-tax rule amendments expand approval guidelines to include specified capital-issue clauses and update approval forms.
Amendments to the Income tax Rules, 1962 amend rules 20 and 20A to insert references to designated capital issue clauses and substitute the Explanation in rule 20 to define eligible issue of capital by cross reference to the Explanation to the relevant capital issue clauses. Appendix II is amended: Form No. 59's heading and item 7 are revised to reference the designated clause and require confirmation of conformity with the Act's infrastructure facility definition; Form No. 59A's heading and item 9 are similarly amended.

Investment pattern requirements impose prescribed allocations to government securities, high grade instruments and trustee managed pools with valuation and concentration limits.
Prescribes a revised investment pattern for investible moneys under rule 67(2), effective 1 April 2005, allocating minimum portions to Central Government securities or dedicated government securities mutual funds; to State Government and government guaranteed securities; and to investment grade instruments of public financial institutions, public sector companies or banks, TDRs of public sector banks and approved collateral instruments, with a trustee managed residual allocation. Provisos address transitional reinvestment, tradable portfolio limits with mark to market and NAV valuation, single fund exposure caps, limited corporate investments subject to investment grade ratings, and rating triggered exit and reinvestment rules.

Charitable status notification under section 10(23C)(iv): Voluntary Health Association granted exemption subject to specified compliance conditions.
Notification grants tax-exempt status to the Voluntary Health Association of India for specified assessment years provided it applies income wholly and exclusively to its objects, limits investments to permitted modes, treats business income as incidental only if separate books are maintained, regularly files income-tax returns, and on dissolution transfers surplus and assets to an organisation with similar objectives.

Tax exemption under section 10(23C)(v): institution must apply income exclusively and comply with investment, accounting, dissolution conditions.
Notification under section 10(23C)(v) notifies Chief Khalsa Diwan, Amritsar, as qualifying for tax-exempt status for assessment years 2003-04 to 2005-06, conditional on applying income wholly to its objects, restricting investments to forms permitted by section 11(5) (except certain voluntary contributions), excluding business income unless incidental with separate books, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a like-minded organization.

Charitable exemption notification: Guruvayur Devaswom recognised subject to income application, investment limits, accounting and dissolution conditions.
Notification confers a charitable exemption on Guruvayur Devaswom for specified assessment years conditional on applying or accumulating income wholly to its objects; restricting investments to modes permitted for trust funds (except voluntary contributions maintained as jewellery or furniture); excluding business income unless incidental and maintained in separate books; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to an organisation with similar objectives.

Charitable exemption notification: Guruvayur Devaswom recognised subject to income application, investment limits, business accounting and dissolution transfer.
Notification recognises Guruvayur Devaswom under the charitable exemption for the specified assessment years conditional on: applying or accumulating income exclusively for its objects; restricting investments to modes specified in section 11(5) except certain voluntary contributions; excluding business income unless incidental and kept in separate books; regular filing of income tax returns; and, on dissolution, transferring surplus and assets to an organisation with similar objectives.

Approval under Section 35(1)(ii) for scientific research association status, subject to separate accounts and audited certificates.
Approval is granted to K.J. Research Foundation as a scientific research association under Section 35(1)(ii), subject to maintaining separate accounts for research, submitting audited Income and Expenditure accounts to the tax authority by the later of the return filing due date or within ninety days of the notification, and enclosing an auditor's certificate specifying donor-eligible research receipts and certifying that expenditures were for social science or statistical research.

Approval for research donation deduction: institute approved subject to separate research accounts, audit filing, and auditor certification.
Approval under Section 35(1)(ii) is granted to Sri Venkateswara Institute of Medical Sciences as a university/college partly engaged in research, subject to maintenance of separate research accounts, submission of audited Income & Expenditure accounts to the tax authority by the return due date or within ninety days, and provision of an auditor's certificate specifying receivables eligible for donor deduction and certifying that expenditures were for social science/statistical research.

Tax exemption notification: trust noted subject to conditions on income application, permitted investments, accounting, returns, and dissolution.
The Central Government notifies the Anandashram Trust under Section 10(23C)(iv) subject to conditions: apply or accumulate income wholly and exclusively for trust objects; invest or deposit funds only in modes permitted under the Act (excluding certain voluntary contributions held as movable articles); exclude business income unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to an organisation with similar objectives.

Deduction under Section 35(1)(ii): approval requires separate research accounts, audited filings and auditor certification for eligibility.
Approval under Section 35(1)(ii) is granted to M/s Indian Institute of Chemical Engineers for 1-4-2002 to 31-3-2005 as a partly research-engaged educational institution, subject to: maintaining separate research accounts; filing audited Income & Expenditure accounts for each approved year with the Commissioner/Director of Income-tax (Exemptions) by the return due date; and enclosing an auditor's certificate specifying amounts eligible for donor deduction and certifying that expenditures were for scientific research.

Section 80G specification: Archery Association of India designated as an association, enabling tax provision applicability for specified assessment years.
The Central Government, exercising clause (c) of sub section (2) of Section 80G of the Income tax Act, 1961, specifies the Archery Association of India, New Delhi, as an association for the purposes of that clause for the assessment years 2006 2007 to 2008 2009.

Amendment of Income-tax notifications revises allocation of tax authorities and subordinate jurisdictions under central administration.
Under the powers of section 120, the Central Board of Direct Taxes substitutes specified serial numbers and entries in Schedule-I to S.O. 733(E) and Schedule-I to S.O. 734(E), reallocating designations, headquarters and subordinate jurisdictional Commissioner and Director posts for multiple Chief Commissioners of Income-tax and Director Generals of Income-tax (Investigation). The substitutions redefine which Commissioner and Director offices fall under each named Chief Commissioner or Director General and a later corrigendum corrects certain subordinate entries.

Section 35(1)(ii) approval requires audited research accounts and auditor certification for donor deduction eligibility.
M/s Diabetes Research Centre Foundation is approved as a scientific research association for Section 35(1)(ii) for 1-4-2004 to 31-3-2007. Conditions: maintain separate accounts for research; annually submit audited Income & Expenditure accounts for research to the Commissioner/Director of Income Tax (Exemptions) by the return filing due date; and furnish an auditor's certificate specifying amounts received eligible for donor deduction and certifying that expenditure was for scientific research.

Approval under Section 35(1)(ii): donor tax deductions allowed where institute keeps separate research accounts and audit certificates.
Approval under Section 35(1)(ii) is granted to M/s Central India Institute of Medical Sciences, Nagpur, as a 'University, College or other Institution' partly engaged in research, subject to conditions: maintain separate accounts for research; submit audited Income & Expenditure accounts for research to the tax authority by the return due date; and provide an auditor's certificate specifying donor eligible amounts and certifying that the expenditure was for scientific research.

Jurisdictional allocation of income-tax commissioners clarifies territorial and taxpayer categories for assessing and assignment of cases.
Amendments under section 120 substitute Schedule I entries reallocating territorial jurisdiction and taxpayer categories for Commissionerates: Rajkot I, with specified municipal wards, talukas and districts, distinguishing non-company persons, persons whose principal income is other than salary, and companies with registered offices in the area; and Jamnagar, covering Jamnagar and Porbandar districts and allocating cases among resident non-company taxpayers, non-company persons with principal places of business, and companies registered under the Companies Act.

Tax exemption recognition: conditional relief granted to a religious institution subject to application, investment, business and dissolution conditions.
The notification conditionally recognises Shri Jain Swetamber Nakoda Parsavanath Tirth as eligible for tax exemption provided its income is applied wholly and exclusively to its objects; investments and deposits are limited to specified modes except for certain voluntary contributions in tangible form; business income is excluded unless incidental with separate books; regular filing of returns is maintained; and on dissolution surplus assets transfer to a like-minded organisation.