TDS certificate issuance via TRACES requires correct Annexure II data and authentication before furnishing to employees.
TRACES-generated Part B of Form No. 16 must be produced for salary-related TDS where the corresponding quarterly statement is furnished with the amended Annexure II; the generated certificate will have a unique TDS certificate number and depends on correct Annexure II reporting for accuracy. The deductor must authenticate the downloaded Part B by manual or digital signature before issuance. If authenticated manually, item nos. 2(f) and 10(k) appear on the Form and must be filled by the deductor; if authenticated using digital signature, those items are excluded from the download and must be prepared and furnished separately to the employee where applicable.

Aggregate deductible amount under Chapter VI-A redefined in corrigendum to revise listed subclauses in tax notification.
Corrigendum amends a prior tax notification by revising the composition of the aggregate deductible amount under Chapter VI-A, replacing the earlier list of subclauses with a narrower set and thereby correcting the table entry in the original notification.

Automatic exchange of country-by-country reports enables annual CbC information sharing between India and the United States.
The Central Government notified an Agreement implementing automatic exchange of Country-by-Country (CbC) Reports between India and the United States, defining MNE Group reporting scope, Excluded MNE Group thresholds, Reporting and Constituent Entities, and adopting the 2015 OECD/G20 CbC Report format. Competent Authorities will annually exchange CbC Reports when constituent entities or permanent establishments exist in the other jurisdiction, and must conclude an Arrangement to govern timing, transmission, error handling, confidentiality, permitted use, consultations, and modifications; confidentiality and limitation-of-use protections of the underlying Convention continue to apply, and the Agreement provides for consultations, amendment, entry into force, and termination rules.

Form 16 amendment expands mandatory salary, exemption and deduction disclosures, tightening TDS reporting and Annexure requirements.
The notification amends Income tax Rules to substitute Part B (Annexure) of Form No.16 and Annexure II of Form No.24Q, mandating detailed, itemised disclosure of gross salary components, exemptions under section 10, deductions under section 16 (including the standard deduction), other income reported under section 192(2B), Chapter VI A deduction breakdown, full tax computation (including rebate, surcharge, cess and relief under section 89) and verification by the deductor; Form 24Q annexure further requires employee PANs and conditional landlord and lender PANs.

Income tax exemption under section 10(46) grants specified income relief to Kerala Headload Workers Welfare Board with conditions.
Notification recognises Kerala Headload Workers Welfare Board, Kochi as entitled to exemption for specified incomes including grants, levies, registration fees, employer deposits, member contributions, wages under the scheme, interest on advances, and interest on these receipts, subject to conditions that the Board not engage in commercial activity, maintain unchanged activities and income nature, and file returns as required under clause (g) of sub-section (4C) of section 139; applicability spans assessment years 2020-2021 to 2024-2025.

Tax exemption for state electricity regulatory commission: specified grants, fees and interest exempt subject to conditions.
Notification under clause (46) of section 10 notifies Telangana State Electricity Regulatory Commission, Hyderabad in respect of specified income: grants and loans from the Government of Telangana; fees and sums received under the Electricity Act, 2003; and interest on those amounts. The notification is subject to conditions that the Commission shall not engage in commercial activity, its activities and the nature of specified income remain unchanged, and it files its return of income under clause (g) of sub section (4C) of section 139. It applies for assessment years 2020 2021 to 2024 2025.

Tax exemption notification for Mysore Palace Board: specified Palace income exempted subject to non-commercial and filing conditions.
Notification under section 10(46) of the Income-tax Act, 1961 notifies Mysore Palace Board, Karnataka, as exempt in respect of specified income comprising Palace income and proceeds, fees and charges under the Mysore Palace (Acquisition and Transfer) Act, rent from stalls let to Government agencies, and interest on those receipts, subject to conditions that the Board not engage in commercial activity, maintain unchanged activities and income nature, and file returns under clause (g) of sub-section (4C) of section 139.

Income-tax rules amended: expanded disclosure obligations, updated ITR forms, and revised filing eligibility effective 1 April 2019.
The Income-tax (Second Amendment) Rules, 2019 (effective 1 April 2019) amend Income-tax Rules, 1962 by updating rule 12 and Appendix II: substituting "2018" with "2019"; expanding rule 12(1) to add filing/disclosure triggers (deductions under section 57, directorship, unlisted equity holdings, TDS assessability by another); revising clause (ca) proviso to require disclosure of foreign assets/accounts, foreign income, apportioned income under section 5A, multiple house ownership, high income, and brought forward losses; permitting super senior individuals to use SAHAJ or SUGAM; and substituting updated ITR forms and schedules.

Aadhaar PAN linking mandatory; eligible PAN holders must quote Aadhaar when filing tax returns electronically.
Persons allotted a Permanent Account Number who are eligible for Aadhaar must intimate their Aadhaar number to the designated Income-tax systems authority in the prescribed form and manner; the notification excludes those specifically exempt under the statute. It is mandatory to quote Aadhaar when filing income-tax returns, and returns filed electronically or manually will not be accepted without quoting Aadhaar unless a statutory exemption applies.

Industrial park approval under section 80-IA: tax deduction eligibility tied to notified undertaking meeting prescribed area, unit and compliance conditions.
Notification under clause (iii) of sub-section (4) of section 80-IA notifies M/s Romell Real Estate Pvt. Ltd. as the approved developer, maintainer and operator of an industrial park at Plot A-3, Survey Number 586/2,4,6,7 Village Pahadi Goregoan, Mumbai, subject to conditions including minimum constructed floor area, allocable area composition, minimum number of industrial units, single-ownership requirement, limits on area occupied by any unit (including associated enterprises), adherence to activities in the Industrial Park Scheme, separate accounting, annual reporting in the prescribed form, and consequences for noncompliance or misrepresentation.

Tax exemption for notified regulator: specified income exempt subject to non-commercial activity, unchanged income nature, and prescribed return filing.
Notification grants a tax exemption to the Odisha Electricity Regulatory Commission for specified income consisting of government grants, licence fees from licensees, application processing fees, and interest earned on those amounts. The exemption is subject to conditions: no engagement in commercial activity, unchanged nature of activities and specified income across financial years, and filing of return of income as prescribed by the statutory return-filing provision. The notification supersedes an earlier notification and is given retrospective effect for the earlier assessment year and applies to identified subsequent assessment years.

Regulatory recognition of SEBI mutual funds regulations as the governing regulation under the income tax provision, effective upon publication.
Notification designates the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as the applicable regulation for the purposes of the specified provision of the Income Tax Act, 1961, issued by the Central Government by Notification No. 27/2019 dated 20 March 2019; the notification takes effect from the date of its publication in the Official Gazette.

Withholding tax notification: HUDCO notified under section 194A, bringing the withholding provision into effect from publication.
Notification under Section 194A designates the Housing and Urban Development Corporation Ltd. (HUDCO), New Delhi, for the purposes of the specified sub-clause of sub-section (3) of Section 194A of the Income-tax Act. The Central Government issued the notification pursuant to its powers under that provision, and the notification is effective from its publication in the Official Gazette.

Tax notification under section 10(46): Visakhapatnam SEZ Authority's specified non-commercial receipts notified as exempt subject to conditions.
Notification designates Visakhapatnam Special Economic Zone Authority for the purpose of tax treatment of specified receipts comprising lease rent, permit and I-Card fees, allotment and auction/bid receipts for plots/buildings, transfer charges, fees relating to building-plan exemptions and approvals, site usage and license fees, and interest on these receipts. The designation is subject to conditions that the Authority shall not engage in commercial activity, the activities and nature of specified income remain unchanged across financial years, and the Authority shall file returns as prescribed; the notification applies from assessment year 2018-2019 through 2022-2023.

Tax exemption under section 10(46) for regulatory commission income is conditional on non commerciality and prescribed filings.
Notification under section 10(46) notifies Andhra Pradesh Electricity Regulatory Commission for exemption in respect of licence fee, grants in aid and interest on those receipts, subject to conditions that the Commission shall not engage in commercial activity, the activities and nature of specified income remain unchanged, and the Commission files its return of income as required by clause (g) of sub section (4C) of section 139; the notification applies to assessment years 2019 2020 through 2023 2024.

Industrial park notification: Intime Properties project notified under section 80-IA, effective from the 2018-19 assessment year.
The Central Government, under clause (iii) of sub-section (4) of the Income-tax Act read with Rule 18C, notifies M/s. Intime Properties Private Limited as an undertaking and declares its project at specified buildings in Survey No. 64(part), Madhapur, as an industrial park for purposes of section 80-IA, subject to stated terms and conditions, with the substitution deemed effective for the assessment year 2018-19 and subsequent years.

Tax exemption under section 10(46): specified income of Prayagraj Mela Pradhikaran exempt subject to conditions.
Notification under section 10(46) notifies Prayagraj Mela Pradhikaran as an exempt authority in respect of specified income: grants in aid; tolls and parking/entry charges; registration fees for business activities; service charges to individuals; other Mela area charges under the Uttar Pradesh Act; and interest on those receipts. The exemption is conditional on no commercial activity, unchanged activities and income nature, and filing returns as required by clause (g) of sub section (4C) of section 139. The notification covers assessment years 2019-2020 to 2023-2024.

Subordination of Commissioner of Income-tax (e-Verification) placed under Principal Director General of Income-tax (Systems), effective from Gazette publication.
Direction under the Income-tax Act that the Commissioner of Income-tax (e-Verification) is to be placed subordinate to the Principal Director General of Income-tax (Systems); the notification, issued by the tax board under its statutory powers, takes effect upon publication in the official Gazette.

Delegation under Section 120: Principal Director General (Systems) authorized to act where e Verification Commissioner holds jurisdiction.
The Central Board of Direct Taxes, invoking sub-sections (1) and (2) of section 120 of the Income-tax Act, directs that the Principal Director General of Income-tax (Systems), Delhi, shall exercise the powers and perform the functions in respect of such territorial areas, persons or classes of persons, incomes or classes of incomes, and cases or classes of cases in respect of which the Commissioner of Income-tax (e-Verification) has jurisdiction. The notification is effective from its publication in the Official Gazette.

Jurisdiction of income-tax authorities: centralised powers delegated for e-verification and information processing, enabling delegated exercise by subordinate officers.
The Commissioner of Income-tax (e-Verification), Delhi, is authorised to exercise concurrent powers nationwide to centrally issue notices, collect and process information and documents, specify response formats and call for information, and to exercise related record-keeping and compliance powers; the Commissioner may delegate these functions in writing to Additional or Joint Commissioners, who may further authorise Assessing Officers for specified persons, cases or classes of income for which the Directorate of Income-tax (Systems) has information.