Eligible project designation under section 35AC extended for a children's orthopaedic hospital, maintaining tax incentive qualification.
Specification under the income tax framework designates procurement, furnishing and operation of a children's orthopaedic hospital in Mumbai as an eligible project under the Explanation to section 35AC, and, on the National Committee's recommendation that the scheme is properly executed, the Central Government extends the period of specification for a further three years, identifying the Society for the Rehabilitation of Crippled Children as the executing entity and recording the estimated project cost.

Eligible project specification under section 35AC extended, maintaining tax-benefit qualification for donations to the destitute centre.
The Central Government specifies the construction and running of a Destitute Centre at Bhilarewadi Katraj, Pune, carried out by Janseva Foundation, as an eligible project or scheme under the Explanation to section 35AC, extending the period of eligibility for a further three years following a committee recommendation that the project is being executed properly and after noting the estimated project cost.

Specification under section 35AC extends eligible charitable hospital project subject to mandatory freeship and public notice.
The Central Government specifies the Shree Pragati Foundation hospital scheme in Mulund (West) as an eligible project under section 35AC for a further one year commencing with assessment year 2004 2005, at the estimated cost including a corpus fund, subject to the condition that 100% freeship is provided for 50% of beneficiaries from weaker sections and that public notice of free benefits is prominently displayed.

Section 35AC eligibility extended for Nirmay Tirth hospital project; further three-year specification and corpus fund concession permitted.
The Central Government specifies the construction and operation of a 200 bed hospital named Nirmay Tirth with mobile dispensaries at Sola, Ahmedabad, by Shree Bhagawat Vidyapeeth as an eligible project under Section 35AC for a further three year period, and amends the earlier notification to record the National Committee's concession in relation to the corpus fund and approved project cost.

Eligible project specification under section 35AC extends tax-advantaged status for a general hospital project in Jammu.
The Central Government specifies the construction of an 80 bed general hospital at Talab Tillo Road, Jammu, by BEE ENN Charitable Trust as an eligible project for the tax incentive under section 35AC for a further three year period commencing with assessment year 2004-2005, following the National Committee's recommendation that the project, which extends beyond nine years, is being executed properly and merits continued recognition.

Eligible project designation under section 35AC extended to support construction and operation of Cancer Hospital and outreach services.
The Central Government, pursuant to sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the construction, purchase of equipment and operation of a Cancer Hospital with outreach services at Mathura and nearby states by Dr. Shella Sharma Memorial Charitable Trust as an eligible project or scheme for tax purposes, extending the prior specification for a further three year period commencing assessment year 2004 2005 at an estimated cost of rupees three crore fifty lakhs, based on the National Committee's recommendation under rule 11M.

Deduction under Section 35AC: specified projects and institutions qualify subject to prescribed conditions for tax deduction.
Approval is granted for specified institutions and projects as eligible for deduction under Section 35AC, with each entry listing project description, estimated cost and the maximum deductible amount. Approvals are generally limited to three assessment years, may include corpus funds, and are subject to conditions such as prohibition on recouping trustee loans from donations, certification on use of government grants, and display of public notices about free or concessional benefits.

Tax exemption recognition under section 10(23C)(iv) grants conditional charitable status to a notified trust subject to compliance.
Central Government notifies the Church of South India Trust Association, Chennai for recognition under clause (23C)(iv) of section 10 of the Income-tax Act for assessment years 2001-2002 to 2003-2004 subject to conditions: exclusive application or accumulation of income to objects; investment restrictions to forms permitted by Section 11(5) (with limited exceptions); business income only if incidental with separate books; regular filing of returns; and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.

Approval under section 35 triggers research accounting and annual audited reporting obligations, including submission to designated authorities.
Approval under section 35 is granted to M/s Indian Cancer Society as an Institution for 1.4.2002-31.3.2005, subject to maintenance of separate research accounts, annual return of scientific research activities to the designated scientific department by 31 May each year, and submission of audited annual accounts and audited income-and-expenditure accounts for research to the tax exemptions office, the scientific department, and the local tax authority by 31 October each year, in addition to filing its income-tax return.

Approval under section 35 research-exemption requires separate research accounts and annual audited submissions to authorities.
Approval for the organisation as an Institution under the statutory research-exemption regime is conditional on maintaining separate research accounts, furnishing an annual return of scientific research activities to the Department of Scientific & Industrial Research by the annual deadline, submitting audited annual accounts and an audited income-and-expenditure account for the research activities to the tax exemption office, the Department of Scientific & Industrial Research and the jurisdictional tax commissioner/director by the annual deadline, and filing the tax return with the assessing officer; renewal applications should be made in triplicate through the tax exemption office and copies sent to the Department.

Research institution approval under income tax law granted, subject to separate research accounts and annual audited reporting requirements.
Approval is granted to M/s Ved Vignan Maha Vidya Peeth as an Institution for the purposes of clause (iii) of sub section (1) of section 35 of the Income tax Act for 1 April 2002 to 31 March 2005, subject to maintaining separate books for research, furnishing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual and research income & expenditure accounts to tax and research authorities by 31 October, plus applying in triplicate for renewal.

Research institution approval under income tax law requires separate research accounts and annual audited submissions to tax and research authorities.
Approval is granted to Dalmia Institute of Scientific & Industrial Research as an Institution for purposes of clause (ii) of sub section (1) of the Income tax Act read with the Income tax Rules, subject to compliance. The institution must maintain separate books of accounts for research; furnish an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit by 31 October audited annual accounts and an audited income and expenditure account for research to the Director General of Income tax (Exemptions), the Secretary, Department of Scientific & Industrial Research and the Commissioner/Director of Income tax (Exemptions), in addition to filing its return of income. The institution should apply in triplicate for renewal and send three copies to the Secretary, Department of Scientific & Industrial Research.

Notification under clause (23C)(iv) - trust recognised for tax-exempt status subject to specified operational conditions and reporting obligations.
Notification grants tax-exempt recognition to the named trust for assessment years 2002-2003 to 2004-2005 subject to conditions: income must be applied or accumulated solely for the trust's objects; investments limited to authorised modes except certain tangible voluntary contributions; business income excluded unless incidental and maintained in separate accounts; regular filing of income-tax returns required; and on dissolution surplus assets must transfer to a similar charitable organisation.

Specified Diseases Deduction: amended rules define eligible ailments and require specialist certification for medical deduction.
The amendment substitutes rule 11DD to specify eligible ailments for deduction under section 80DDB-including neurological diseases (with a disability threshold), malignant cancers, full-blown AIDS, chronic renal failure, and hematological disorders-and requires certificates from prescribed specialists in Government hospitals; where the specified specialist is unavailable, a full-time specialist with a recognised postgraduate degree in General or Internal Medicine may issue the certificate with prior hospital head approval. The certificate must be furnished in Form No. 10-I with the return of income.

Tax exemption notification under clause 23C(v) clarifies charitable application, investment limits, business incidental test and dissolution transfer.
The Central Government notifies the Goods Transport Labour Board, Mumbai for exemption under clause (23C)(v) of section 10 for the specified assessment years, subject to conditions that its income be applied wholly to its objects, investments be restricted to modes permitted under section 11(5) (except certain voluntary contributions held in kind), business income be excluded unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.

Post-maturity interest rules updated: interest payable on matured National Savings Certificates for up to two years.
The rules insert a provision allowing post-maturity interest for up to two years on amounts due where repayment has not been made; interest is simple, calculated at the savings-account rate applicable to single or joint accounts, incomplete months are ignored, and interest is paid in lump sum on repayment. The amendment also revises and increases delegated sanctioning limits for various postal officer grades by substituting the existing table of limits.

Post-maturity interest entitlement on unpaid deposits continues for a limited period, payable at the prevailing savings account rate on repayment.
Rule 9A provides that where repayment of a deposit, inclusive of bonus, is due but unpaid, simple interest is allowed on the amount due for a maximum period of two years from maturity to repayment at the rate applicable to savings accounts of the account type; periods less than one month are ignored and interest is paid in lump sum at repayment.

Deposit limit increase updates Post Office Savings Bank rules and replaces authority-wise caps effective on publication.
The Post Office Savings Bank General (Second Amendment) Rules, 2003 amend rule 13(4) of the 1981 Rules by increasing the overall monetary ceiling and substituting the authority-wise Table that assigns maximum deposit handling or sanctioning limits to specified categories of post office officials; the amendment takes effect on publication in the Official Gazette.

Tax deduction at source: revised procedures require income statements, trustee reporting, and a substituted certificate form.
Amendments to the Income-tax Rules, 1962 revise procedures for tax deduction at source, substituting rule 26B to allow assessees to submit statements of non salary income with verification, replacing rule 33 to require trustees of approved superannuation funds to report repayments and tax deducted, and substituting Form No.13 to consolidate applications for certificates under sections 197 and 206C(9) with detailed schedules and annexures; multiple specified sub rules and forms are omitted or renumbered to align with these changes.

Notification under income tax exemption clause imposes conditions for conditional tax-exempt status of Goods Transport Labour Board, Mumbai.
The Central Government notifies the Goods Transport Labour Board, Mumbai under the income-tax exemption clause for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively for stated objects; investments of funds are restricted to permitted forms except for certain voluntary contributions; business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus assets must transfer to a like charitable organisation.