Tax form amendment updates Form 2E, adding a withholding reference and revising tax computation, TDS and advance tax reporting.
Amendment to Appendix II Form No. 2E inserts a withholding-reference item and substitutes items 22-32 to introduce an education cess line, total tax payable, relief for salary-related tax adjustments, a breakdown of TDS (salaries and others) with totals, detailed advance tax payment fields (including bank/BSR/challan details and installment periods), aggregated tax paid during the previous year, separate interest-on-tax-default lines, self-assessment tax deposit entries with challan particulars, and a final tax payable/refundable computation.

Reporting obligations under section 35AC require annual Form 58C/58D submissions and permit National Committee inspections.
Rules insert reporting obligations requiring approved associations, institutions, public sector companies and local authorities involved in notified eligible projects to submit annual reports - Form No. 58C for approved associations/institutions and Form No. 58D for entities carrying on notified projects - to the National Committee within three months from the end of the financial year, with the National Committee authorised to inspect or verify submitted information.

Non-deduction declaration lets qualifying truck-owner sub-contractors avoid tax deduction by following prescribed forms and filing.
Rule 29D establishes a prescribed, verified declaration (Form No. 15-I) that a qualifying vehicle-owning sub-contractor must furnish to a contractor to claim non-deduction of tax at source; contractors must record such declarations in Form No. 15J and submit the particulars to the designated Commissioner of Income-tax annually by the statutory deadline, with verification and vehicle identification details required.

Corrigendum to tax notification: textual corrections amend typographical and classification errors in income tax notification.
Corrigendum issues targeted textual amendments to an income-tax notification, correcting typographical, spelling and capitalization errors and one temporal phrase change. It lists page-and-line corrections-spelling fixes (Types Type; deducations deductions; sesidents residents), capitalization and signature corrections, alteration of "the half year" to "the year", and amendments to classification brackets to correct lettering and add the phrase "for Tendu leaves" to mining and quarrying entries.

Corrigendum corrects tax notification typographical errors and amends form reference plus withholding provision listings.
Corrigendum to S. O. 455(E) corrects multiple typographical and textual errors in the income-tax notification, including restoring proper spellings, substituting Form No. 24Q for an incorrect form reference, inserting an omitted withholding provision (194B) into the list of sections, and replacing 'collected' with 'deducted' to clarify tax deduction language.

Tax exemption approval for BOT infrastructure projects conditions continued tax recognition on ongoing regulatory and audit compliance.
Approval is granted to a private tollway enterprise for two BOT highway widening and rehabilitation projects as eligible for income tax exemption for the concession period specified in the concession agreement, subject to continued conformity with the statutory provision and income tax rules. The Central Government may withdraw approval if the undertaking ceases to meet eligibility criteria, ceases the defined eligible business, fails to maintain and audit books of account as required, or fails to furnish the mandated audit report.

Double taxation agreement allocates taxing rights, limits source taxation and provides credit relief plus information exchange.
Bilateral Convention between India and Slovenia allocates taxing rights on various categories of income, defines residence and permanent establishment (with inclusions, exclusions and a 12 month construction threshold), and limits source taxation of business profits to amounts attributable to a permanent establishment. Dividends, interest and royalties may be taxed by the source State subject to specified withholding caps; immovable property and certain capital gains may be taxed where situated. Double taxation is eliminated principally by allowing a credit for tax paid in the other State. The treaty provides non discrimination, a mutual agreement procedure and exchange of information obligations.

Banking cash transaction tax compliance: scheduled banks must record transactions, remit tax, and file electronic returns monthly.
Scheduled banks must maintain daily particulars of taxable banking transactions at each branch in Form No.1, classify transactions by prescribed codes, remit collected banking cash transaction tax to the Central Government via RBI, SBI or authorised banks with a challan, and furnish monthly statements in Form No.2 on specified computer media. Annual returns in Form No.3 with Schedules A and B on prescribed media are due by 31 July following the financial year. Returns and electronic submissions must be signed and verified by authorised officers; notices, demands, refunds and appeals follow prescribed forms and procedures.

Tax Free Municipal Bonds: specified issuance eligible for tax exemption provided holders register their name and holding with the trust.
The Central Government by notification specifies Tax Free Municipal Bonds to be issued by the Karnataka Water and Sanitation Pooled Fund Trust during the 2005-2006 financial year as eligible for tax-exempt status under the relevant clause, and conditions the availability of the exemption on the holder registering his or her name and the holding with the issuing trust.

Exemption under section 35AC extended for specified hospital and research institute project following committee recommendation and continuation of approved cost.
The Central Government, on the National Committee's recommendation under the income-tax rules, specified the charitable trust's hospital and research institute project as an eligible scheme for a further three-year period commencing with the stated financial year, maintaining the previously approved project cost without change and thereby extending the tax exemption under the relevant provision.

Exemption under section 35AC extended for Research and Rehabilitation Centre for the Deaf, maintaining its eligibility for specified project benefits.
The Central Government specified the Research and Rehabilitation Centre for the deaf, run by the Delhi Association of the Deaf, as an eligible project under Section 35AC and, following a recommendation by the National Committee for Promotion of Social and Economic Welfare, extended that specification for a further three years commencing with financial year 2004-2005 without any change to the approved project cost.

Exemption under Section 35AC extended for specified blind welfare project, allowing continued tax-eligible contributions and programme continuation.
Income-tax exemption under Section 35AC is specified for construction of a dormitory-cum-library and running rehabilitation and welfare programmes for disabled and blind persons by Shree Ramana Maharishi Academy for the Blind, Bangalore; the Central Government, on recommendation of the National Committee, extends the project's eligible period for a further three years commencing from the financial year 2004-2005 without change to the approved project cost.

Exemption under section 35AC extended for the specified Pranab Kanya Sangha project, renewing eligibility for three years.
The Central Government specifies that Pranab Kanya Sangha's project for a girls' home, primary school, vocational training centre and health clinic in North 24 Parganas is an eligible project under section 35AC; following a committee recommendation under the income tax rules, the scheme is specified for a further three years from financial year 2004-2005, with no change to the approved project cost of 44.67 lakhs.

Exemption under section 35AC extended to a specified school construction project, renewing eligible-scheme status for three years.
The Central Government specifies continuation of Valluvar Gurukulam's Tambaram school construction and equipment-procurement project as an eligible scheme for tax exemption under the Income-tax Act for a further three years commencing with financial year 2004-2005, without any change to the previously approved project cost and corpus fund, following the National Committee's recommendation under rule 11M(5).

Exemption under section 35AC: adoption centre project specified as eligible for a further three year period.
The Central Government, under subsection (1) read with clause (b) of the Explanation to section 35AC, specifies the project for Running of Founding cum adoption centre by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project or scheme for a further period of three years commencing from the financial year 2004 2005, without any change in the approved cost, now stated as Rs. 20.00 lakhs plus a corpus fund of Rs. 40.00 lakhs.

Exemption under section 35AC extended for specified eye-hospital project, enabling continued tax relief during renewed period.
The Central Government specifies the Lions Comprehensive Eye Care Foundation's eye-hospital project at MIDC, Miraj as an eligible project for tax exemption under the provision corresponding to section 35AC, following the National Committee's recommendation. The specification extends the project's eligibility for a further three-year period commencing from financial year 2004-2005, with no change to the previously approved capital cost, thereby maintaining the project's entitlement to the prescribed income-tax relief.

Exemption under section 35AC: eligible project for Sri Sankara Deva Nethralya extended, maintaining prior approved cost and eligibility.
The Central Government, under sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the Sri Sankara Deva Nethralya Phase I Expansion project carried out by Sri Kanchi Sankara Health & Educational Foundation as an eligible project or scheme for a further three year period commencing from the financial year 2004 2005, without any change in the previously approved project cost, following the National Committee's recommendation that the project is being executed properly.

Exemption under section 35AC extended for specified charitable construction and programmes, preserving eligibility and approved cost.
The Central Government re specified the scheme for construction works, equipment and running of self sustaining healthcare and education programmes at Shantikunj, Haridwar carried out by Shri Vedmata Gayatri Trust as eligible for the Income tax Act exemption for a further three years commencing financial year 2005 2006, on the National Committee's recommendation, without any change in the approved cost of Rs. 4229.00 lakhs including a corpus fund of Rs. 3000.00 lakhs.

Tax exemption under section 35AC: eligible charitable eye care project's exemption extended for a further three-year period.
Central Government specified continuation of the tax exemption under section 35AC for the Venu Eye Institute and Research Centre by Venu Charitable Society, extending the project's eligibility for a further three-year period commencing with the financial year 2004-2005 without change in the approved project cost, following recommendation of the National Committee under rule 11M of the Income-tax Rules.

Exemption under Section 35AC: specified institutions' eligible projects approved, permitting deduction of project costs for prescribed years.
Approval under Section 35AC designates specified institutions and their described projects as eligible for deduction by permitting the stated project costs, up to the specified maxima, to be claimed as deductions; the approval applies only to the projects and maximum amounts set out and is limited to the three financial years identified, with later substitutions to institution particulars recorded in the notes.