Research institution recognition for tax purposes conditioned on separate research accounts and specified reporting obligations.
Approval is granted to specified organisations as Institutions for research-related income-tax recognition, conditional on maintaining separate books for research, filing an annual scientific research return to the Department of Scientific and Industrial Research by 31st May, and submitting copies of audited annual accounts and audited research income-and-expenditure accounts to the Director-General of Income-tax (Exemptions), the Secretary, Department of Scientific and Industrial Research, and the relevant tax Commissioner/Director by 31st October each year, with recognition effective for the periods stated in the notification.

Section 35(1)(ii) approval permits associations research exemption subject to separate books and annual reporting requirements.
Approval is granted to specified organisations under Section 35(1)(ii) as Associations eligible for research-related tax recognition, subject to maintaining separate books of accounts for research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions) by 31 October, in addition to filing the regular return of income.

Research institution approval under section 35(1)(iii) requires separate research accounts and specified annual reporting.
Approval is granted to specified entities as Institution for purposes of section 35(1)(iii) of the Income-tax Act, 1961, read with the Income-tax Rules, enabling their research expenditures to be treated under the statutory research exemption for the period stated for each organisation. Approval is conditional on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited accounts and audited income-and-expenditure accounts for research activities to designated authorities by 31 October, in addition to filing the return of income to the designated assessing officer.

Research institution approval requires separate research accounts, annual scientific return and audited research accounts filed by specified deadlines.
Notification approves specified organisations as Institutions under clause (ii) of sub section (1) of section 35 read with Rule 6, subject to conditions: maintain separate research accounts; file an Annual Return of scientific research activities by 31 May; and submit audited annual accounts and audited income & expenditure account for research activities to designated tax and research authorities and the local assessing officer by 31 October, in addition to the return of income. The notification lists named organisations with effective approval periods.

Tax-free bond specification: Konkan Railway Bonds tax exemption conditioned on holder registration and registration of holding with issuer.
Central Government specifies issuance of tax-free bonds qualifying under sub-clause (h) of clause (iv) of section 10(15) of the Income tax Act, designating a specific series by distinctive numbers and fixing the aggregate issue amount. Interest on these designated bonds is exempt from income tax under the provision, subject to the condition that the bondholder registers his or her name and the holding with the issuing corporation before claiming the benefit.

Tax exemption for specified railway bonds: holders must register their name and holding to claim the benefit.
Central Government specifies 10.15% tax free (8C Series) Konkan Railway Bonds issued by Konkan Railway Corporation Limited, bearing distinctive numbers 1 to 6000 for an aggregate amount of sixty crores, under the power conferred by the Income-tax Act. The notification conditions eligibility for the exemption on the holder registering his or her name and the holding with Konkan Railway Corporation Limited.

Donation deduction eligibility for a place of public worship limited to repair/renovation and subject to time and funding caps.
The Central Government specified the Sarbamangala Trust Board, Burdwan, as a place of public worship of renown for donation deduction purposes, exercising powers under clause (b) of sub section (2) of the relevant income tax provision. The specification is limited to donations for repair and renovation, subject to a prescribed monetary ceiling and a temporal cut off, and ceases once the stated amount is collected or on the prescribed date, whichever is earlier.

Cash payment exception for authorised dealers allows cash purchases of foreign currency despite limits under Section 40A(3).
Amendment inserts clause (m) into rule 6DD permitting cash payments by authorised dealers or money changers for purchase of foreign currency or travellers cheques in the normal course of business despite the restriction in sub-section (3) of Section 40A, and defines "authorised dealer" or "money changer" as persons authorised to deal in foreign currency or foreign exchange under law; the amendment is given retrospective effect to address hardships arising from the earlier omission.

Tax exemption under section 10(23C)(via) granted to temple subject to application, investment, business and filing conditions.
Notification under section 10(23C)(via) designates the Sri Satyanarayan Sahita Veeraanjaneya Swamy Temple as eligible for the specified tax exemption, subject to conditions: application of income wholly to its objects, investment restricted to prescribed forms (excluding specified voluntary contributions), business income excluded unless incidental with separate books, regular filing of income-tax returns, and transfer of surplus and assets to a like charitable organisation on dissolution.

Tax exemption for charitable hospital conditioned on exclusive application of income and specified investment and accounting requirements.
Notification grants tax exemption under sub-clause (via) of clause (23C) of section 10 to Tirath Ram Shah Charitable Trust Hospital and Nursing Home, Delhi for assessment years 1999-2000 to 2001-2002 subject to conditions: application of income wholly to objects, restricted permitted investments, exclusion of business income unless incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a like charitable organisation.

Charitable status under section 10(23C)(vi) granted with conditions requiring exclusive application of income and specified investments.
The Central Government notifies Loreto House Educational Society under section 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income wholly for its objects; restrict investments to forms specified in section 11(5) (excluding certain maintained items); business income excluded unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Charitable trust exemption granted subject to compliance with income application, investment, business and dissolution conditions.
Central Government notifies the Kachchi Moodoo Archakas Welfare Trust for charitable tax treatment for specified assessment years, conditioned on exclusive application or accumulation of income for the trust's objects; investment and deposit limitations to permitted forms; exclusion of business profits unless incidental and maintained in separate books; regular filing of income tax returns; and transfer of surplus and assets to a like charitable organisation on dissolution.

Corrigendum to tax convention: textual and punctuation corrections amend earlier notification to ensure accurate treaty wording.
Corrigendum to the notification publishing the Convention between the Republic of India and the French Republic makes editorial amendments to S.O. 650(E), dated 10th July 2000, consisting of punctuation and typographical corrections and targeted word substitutions on pages 2 and 3-including changes such as "Department" to "Division", "tower" to "lower", "India convention" to "Indian convention", and "royalties and fees payments" to "royalties, fees and payments"-limited to formatting and wording adjustments.

Distribution reporting obligations require UTI and mutual funds to file verified statements of income distributed with designated assessing officers.
Rule 12B requires the Unit Trust of India and Mutual Funds to furnish, scheme-wise, a verified statement of income distributed under sub-section (3A) of section 115R to the Assessing Officer in whose jurisdiction the principal office is situated or to the officer designated by the Chief Commissioner/Commissioner. Prescribed formats are Form No. 63 for the Unit Trust and Form No. 63A for Mutual Funds, demanding scheme particulars, distribution and tax details, enclosed audited accounts, challans for tax payments and verification by an authorised officer and an accountant.

Statement of distributed income requirement for venture capital entities: mandatory Form 64 filing with accountant verification by deadline.
The amendment requires Venture Capital Companies and Venture Capital Funds to furnish a verified statement of distributed income to the jurisdictional Chief Commissioner or Commissioner by 30th November following the year of distribution. Submission must be in prescribed Form No. 64, identifying the entity, PAN, previous year, directors/trustees, and itemising income from venture capital investments by category with proportions and a recipient schedule. Enclosures must include SEBI registration, fund deed where applicable, audited accounts and a declaration verified by an accountant.

Permanent Account Number requirement: specified classes must apply to the Assessing Officer using the prescribed application form before registration or activity.
Central Government requires specified classes - exporters/importers with importer exporter codes, central excise assessees and invoice issuers under rule 57AE, and service tax assessees - to apply to the Assessing Officer for allotment of a Permanent Account Number. Existing persons must apply within fifteen days of the notification's publication; persons later falling within the classes must apply before commencing the specified export/import activity or before applying for central excise or service tax registration. Applications must be made to the Assessing Officer in the prescribed application form.

Correction to treaty notification reference: published Income Tax notification amends cited paragraph from 2(f) to 2(g).
Corrigendum to an Income Tax notification concerning the Convention between India and the Portuguese Republic: the published G.S.R. 542(E) is amended to replace the reference "paragraph 2(f)" with "paragraph 2(g)", correcting the Gazette entry's line 12 in the Ministry of Finance (Department of Revenue) notification.

Tax exemption for a club conditioned on exclusive income application, restricted investments, no member distributions, and business limits.
Jorhat Tennis Club is notified as eligible for a tax exemption under the charitable-club provision for assessment years 1993-94 to 1995-96, conditioned on exclusive application or permitted accumulation of income for its objects, restricting investments to prescribed modes (with limited exception for voluntary contributions held in specified forms), prohibiting distribution of income to members except grants to affiliated bodies, and excluding business profits from the exemption unless incidental to objectives with separate books maintained.

Tax exemption under section 10(23) granted to a trust subject to income application, investment, distribution and business accounting conditions.
Notification grants section 10(23) exemption to Triangle Tennis Trust for specified assessment years, conditional on applying or accumulating income per the modified section 11 provisions for exclusive objects, restricting investments to forms specified by law (with limited allowance for notified tangible articles), prohibiting distribution of income to members except by grants to affiliated bodies, and excluding business profits unless incidental to objectives with separate accounts.

Tax exemption under section 10(23C)(v) granted subject to application of income, permitted investments, accounting and dissolution conditions.
Notification grants section 10(23C)(v) exemption to Asthika Samaj for assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly for the organisation's objects; investments limited to modes permitted under the Income-tax Act (excluding voluntary contributions held in kind); business income excluded unless incidental and accounted separately; regular filing of returns required; on dissolution surplus and assets must transfer to a charitable organisation with similar objectives.