Specified pension fund status for OMERS Administration Corporation conditioned on compliance, reporting, non-inurement and investment restrictions.
The Central Government designates OMERS Administration Corporation as a specified person under clause (23FE) of section 10, making its eligible investments in India tax-exempt through the specified period, subject to conditions including timely filing of returns, furnishing Form No. 10BBC, quarterly investment reporting in Form No. 10BBB, maintenance of segmented accounts, regulation under Ontario law, restricted asset use and non-inurement to private persons, prohibition on loans for investing in India, limited non-core asset allocation, and non-participation in day-to-day investee operations; breach of conditions removes eligibility.

Specified person designation enables tax exemption for pension fund investments in India subject to compliance requirements.
Specification of the Government Employees Superannuation Board as a specified person under clause (23FE) of section 10 permits exemption for eligible investments in India up to 31 March 2030, conditional on filing returns and Forms 10BBC and 10BBB, maintaining segmented accounts, remaining regulated under Australian law, administering assets solely for statutory retirement and similar benefits, limiting non-purpose assets to ten per cent vested in the Australian government, ensuring earnings do not inure to private persons, prohibiting borrowings for Indian investments and day-to-day participation in investees; violation disqualifies exemption and the notification is effective on publication.

Tax exemption for pension fund: designation of Public Sector Pension Investment Board as specified person, subject to compliance.
The Public Sector Pension Investment Board is designated as a specified person for the exemption under clause (23FE) of section 10 for eligible investments in India during the notified period, subject to conditions including timely return filing, Form No.10BBC certification, quarterly Form No.10BBB disclosures, maintenance of segmented accounts, regulation under Canadian law, use of assets to meet statutory obligations of retirement and related plans, limits on non qualifying assets, prohibition on borrowing to fund Indian investments, and restrictions on operational participation in investees. Violation of conditions removes eligibility.

Sovereign wealth fund exemption conditioned on ownership, audit, reporting, segregated accounts, and prohibition on investment borrowings.
The Central Government designates the Ministry of Economy and Finance (Republic of Korea) as a specified person for the sovereign wealth fund tax exemption under clause (23FE) of section 10, for investments in India up to the specified cut-off, conditioned on timely tax return filing, prescribed statutory audit and annexed audit report, quarterly Form II disclosures, segmented accounts, sole ownership and control by the Republic of Korea, regulation under Korean law, earnings credited to government accounts, prohibition on use of borrowings for such investments, asset vesting on dissolution, and non-participation in investee day-to-day operations; breach renders exemption inapplicable.

Sovereign wealth fund exemption: specified conditions govern tax-exempt investments and compliance reporting requirements in India.
The Central Government designates CDC Group Plc as a specified sovereign wealth fund eligible for exemption under clause (23FE) of section 10 for investments in India made within the prescribed period, conditioned on timely income-tax returns, statutory audit and prescribed audit report, quarterly electronic investment statements in Form II, segmented accounts for exempt investments, continued UK government ownership and regulation, earnings accruing to the UK government, prohibition on borrowings for Indian investments, asset vesting to the UK government on dissolution, and no participation in day-to-day operations of investees; breach disqualifies the exemption.

Special Court designation for Black Money Act prosecutions centralises jurisdiction to facilitate enforcement under the Act.
Central Government, under statutory powers in the taxation and Black Money legislation and after consulting the Chief Justice of the High Court, designates a First Class Magistrate's court as the Special Court to exercise jurisdiction for trials, prosecutions and proceedings under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act within the State.

Special Court designation for Black Money Act prosecutions centralizes jurisdiction in a designated magistrate court for enforcement.
The Central Government designates a Magistrate First Class court as a Special Court for purposes of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, following consultation with the Chief Justice of the High Court, thereby allocating jurisdiction and venue for prosecutions and enforcement proceedings under that Act to the designated court.

Correction to Section 269ST notification: 'payer' replaces 'payee', altering the operative wording published earlier.
Correction substitutes the term payer for payee in the Gazette notification published 7 May 2021 (S.O. 1803(E)), confirming that all references in that notification are to be read as payer as of the corrigendum dated 10 May 2021.

Entity name correction clarifies the substituted corporate name in a prior income-tax notification, ensuring accurate recordation.
The corrigendum replaces "Canada Pension Plan Investment Board Private Holdings (4) Inc." with "CPP Investment Board Private Holdings (4) Inc." in paragraph 1, lines 3-4 of Notification No. 35/2021 dated 22 April 2021.

Entity name correction: notification amends prior text to read Stretford End Investment Pte. Ltd. in the tax notification
The corrigendum corrects the entity name in Notification No. 54/2021: replace "Stretford Investment Pte. Ltd." with "Stretford End Investment Pte. Ltd." in paragraph 1 of the prior Gazette notification, as an administrative amendment to the published text.

Cash payment restriction under Section 269ST: COVID-treatment facilities must obtain PAN/Aadhaar and relationship for cash receipts.
Central Government specifies Hospitals, Dispensaries, Nursing Homes, Covid Care Centres and similar medical facilities providing Covid treatment as specified recipients under the proviso to Section 269ST for cash receipts during the notified period, requiring such facilities to obtain and record the PAN or AADHAAR of the patient and of the payer and to record the relationship between the patient and the payer.

Agricultural extension project notification clarified - assessment years and sanctioned expenditure specified effective from notification date.
The notification amends a prior notification to specify that the agricultural extension project is notified from 16.02.2015 and covers assessment years through A.Y. 2017 18, and it records the sanctioned expenditure (excluding land or building) for each assessment year, clarifying that the sanctioned amount for the first year is effective from the formal notification date due to earlier project approval.

Section 35CCC notification updates assessment years and sanctioned project expenses, with expenditure allowed from formal issue date.
Amendment under section 35CCC specifies the agricultural extension project is notified from the formal issue date of the original notification until A.Y. 2017-18, and revises Sl. No.8 to set the sanctioned annual project expenditure (other than cost of land or building) for each covered assessment year, with sanctioned expenditure allowed with effect from the formal issue date of the original notification.

Agricultural extension project notification under Income Tax provision sets assessment years and sanctioned expenditure for the project.
The Central Board of Direct Taxes, under the Income-tax Act and rules, amends Notification No.14/2015 via FORM NO. 3CP to specify that the agricultural extension project is notified for a defined three-year span commencing from the formal issue of Notification No.14/2015 and to record the sanctioned expenditure for each assessment year excluding land or building costs; sanctioned expenditure is allowed effective from the formal notification date where project approval was accorded subsequently in the relevant financial year.

Sovereign wealth fund exemption specified for tax relief subject to reporting, audit, ownership and non borrowing conditions.
Chiswick Investment Pte. Ltd. is specified as a specified person under clause (23FE) of section 10 for investments in India from publication until the stated terminal date, conditional on compliance with: filing returns by due dates; statutory audit and submission of the prescribed Audit Report; quarterly Form II electronic statements; maintenance of segmented accounts; continued ownership and control by the Government of Singapore and regulation under Singapore law; earnings credited to the Government or its designated account; no borrowings for making investments in India; vesting of assets in the Government on dissolution; and non participation in investee day to day operations.

Sovereign wealth fund exemption: specified fund qualifies only if strict ownership, reporting, audit and non participation conditions are met.
Stretford End Investment Pte. Ltd. is specified as a sovereign wealth fund eligible for exemption under clause (23FE) of section 10 provided it remains owned and controlled by the Government of Singapore, is regulated under Singapore law, credits earnings to government designated accounts, maintains segmented accounts, files timely returns, undergoes prescribed audits with the annexed audit report, furnishes quarterly Form II investment statements, avoids loans/borrowings for Indian investments, does not participate in investee day to day operations, and complies with the notification's conditions or risk losing the exemption.

Sovereign wealth fund exemption specified for Dagenham Investment, subject to compliance with reporting and ownership conditions.
Notification designates Dagenham Investment Pte. Ltd. as a sovereign wealth fund specified person for tax exemption under clause 23FE of section 10 for investments in India up to 31 March 2030, subject to conditions including timely return filing, statutory audit and prescribed audit report, quarterly electronic investment statements, segmented accounts, exclusive Government of Singapore ownership and control, continued Singapore regulation, prohibition on borrowings for Indian investments, earnings credited to government designated accounts, asset vesting on dissolution, and prohibition on day to day participation in investees; breach renders exemption inapplicable.

Sovereign wealth fund recognition: specified person status grants conditional tax exemption for qualifying investments in India.
Anahera Investment Pte. Ltd. is specified as the specified person for clause (23FE) of section 10 for investments in India made from publication up to 31 March 2030, conditional on timely return filing, statutory audit and prescribed Audit Report, quarterly Form II filings, segmented accounts, continued Government of Singapore ownership and regulation, prohibition on borrowings for investments in India, earnings credited to government designated accounts, vesting of assets on dissolution, and non participation in day to day investee operations; breach renders the assessee ineligible for the exemption.

Sovereign wealth fund exemption designated subject to strict ownership, reporting, audit and non borrowing conditions for qualifying investments.
Notification designates Bricklayers Investment Pte. Ltd. as a sovereign wealth fund specified person eligible for tax exemption for qualifying investments in India until 31 March 2030, conditional on compliance with filing and audit requirements, quarterly electronic investment reporting, segmented accounts, Singapore government ownership and regulation, earnings credited to government accounts, prohibition on borrowings for investment in India, non participation in investee day to day operations, and assets vesting in the Government of Singapore on dissolution; breach of these conditions renders the fund ineligible for the exemption.

LTC/LTA exemption cap requires GST compliant payments and tax invoices, and limits unutilised journey claims for relief.
Rule 2B is amended to allow, for the assessment year beginning 1 April 2021, a limited exemption where an individual opts for cash allowance in lieu of travel concession for one unutilised journey; the exemption is capped or limited to one third of specified expenditure, conditional on election to claim the proviso, payments to GST registered persons during the specified period by prescribed account payee or electronic modes, and possession of a tax invoice; specified expenditure is defined by GST applicability at or above twelve per cent.