Obligatory tax return filing in specified urban areas requires residents of defined urban localities to file income tax returns.
The filing proviso applies to all urban areas as defined by the national census, excluding earlier notified urban areas. Urban areas include statutory towns and their outgrowths, and other places that meet three conjunctive criteria: a specified minimum population, a high proportion of male workforce engaged in non-agricultural pursuits, and a minimum population density, thereby fixing the territorial scope for obligatory income-tax return filing.

Mandatory return filing thresholds for immovable property set by floor-area cutoffs, applying in defined urban areas under the Act.
Specification of immovable property floor-area thresholds for mandatory return filing under the proviso to section 139: residential premises (excluding huts and kutcha dwellings) and commercial premises are designated as triggering obligatory filing when their occupied floor areas meet the prescribed cutoffs, and the notification applies in urban areas defined by the 1991 Census, subject to certain earlier exclusions.

Depreciation allowance for textile machinery purchased under TUFS becomes available when acquired and first used within the prescribed period.
An amendment inserts a specific depreciation entry in Appendix I, Part A (Machinery and Plant) for machinery and plant used in weaving, processing and garment sectors of the textile industry when purchased under the Technology Upgradation Fund Scheme (TUFS) within the prescribed TUFS purchase and use window and adds a Note defining TUFS as the Government's Technology Upgradation Fund Scheme resolution.

Depreciation for commercial vehicles revised: new rule sets a specified depreciation figure for eligible acquisitions and use.
Amendment inserts a new sub-item in Appendix I, Part A (Tangible Assets) under III. Machinery and Plant providing a depreciation figure of 50 for a commercial vehicle acquired on or after the 1st day of April, 2001 but before the 1st day of April, 2002 and put to use before the 1st day of April, 2002 for business or profession; the amendment is effected by the Income-Tax (Sixth Amendment) Rules, 2001 which come into force on the 1st day of April, 2002.

Depreciation for ships adjusted to a higher uniform rate under Income-tax Rules, changing tax depreciation treatment.
The Income-tax (Fifth Amendment) Rules, 2001 amend the Table to Appendix I of the Income-tax Rules, 1962, Part A relating to Tangible Assets under the heading IV SHIPS by substituting the figures in column 2 for sub-items (1), (2) and (3) with a uniform higher figure; the amendment is made under the power conferred by the Income-tax Act and specifies a commencement date for the new entries.

Tax amendment permits establishment of engineering and medical educational institutions in rural towns below prescribed population limits.
The Income-tax Rules are amended to insert a provision permitting the establishment and running of institutions imparting education in engineering and medicine where located in rural areas or towns below a prescribed population threshold, effective on publication in the Official Gazette and subject to the existing conditions of the Income-tax Rules.

Notification: Profession of information technology notified under section 44AA imposing tax registration and record-keeping obligations.
Notifies the profession of information technology for the purposes of section 44AA of the Income-tax Act, 1961, designating it as a specified profession and bringing it within the registration, accounting and record-keeping obligations that arise under that provision through Notification No. 385(E) issued by the Central Board of Direct Taxes.

Section 35AC eligibility extended for a charitable project following National Committee recommendation and continued execution.
The Central Government, under sub-section (1) read with clause (b) of the Explanation to Section 35AC of the Income-tax Act, specifies the project of construction, equipment, vans, furnishing and running of a home for spastics at Sector-7, Papankala, Dwarka, New Delhi, carried out by Handicapped Children's Parents Association, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002, following the National Committee's recommendation under rule 11M(5) upon satisfaction that the project is being executed properly.

Section 35AC exemption extended for charitable deaddiction and child welfare projects, preserving eligibility for a further specified period.
The Central Government specifies that the Delhi Police Foundation's scheme for drug deaddiction, upliftment of street and working children, and operation of creche and primary schools at specified Delhi locations is an eligible project under the Explanation to section 35AC. Following the National Committee's recommendation that the project is being executed properly, the scheme is specified for a further three-year period beginning with the assessment year 2001-2002, with the estimated project cost recorded in the notification.

Tax exemption under section 35AC extended for hospital renovation and eligible project cost allowance increased.
The Central Government specifies the renovation and updating of K. J. Mehta T.B. Hospital, Amargarh, Bhavnagar, Gujarat, as an eligible project under section 35AC for a further three years beginning with assessment year 2001 2002, and amends the original notification to increase the maximum project cost allowable as a deduction under section 35AC to the revised higher amount.

Deduction limit under section 35AC amended to separate allowable cost and corpus fund for a specified trust.
The Central Government amends the prior notification's schedule to revise the maximum deduction composition for Karuna Prayag Trust by substituting the single corpus designation with a bifurcated allowance consisting of a reduced allowable cost element and a separate corpus fund element, thereby reallocating the aggregate ceiling into distinct cost and corpus components as reflected in the amended table entry.

Tax exemption under section 35AC extended for a rural welfare project and approved project cost increased with allocation breakdown.
The Central Government specified the Sri Sathya Sai Gramin Jagriti Seva Sadan rural welfare project as an eligible project under section 35AC, renewing eligibility for three years beginning with assessment year 2002-2003. The National Committee recommended extension and an upward amendment of the approved maximum project cost; the Government amended the original notification to substitute the earlier approved maximum cost with a higher approved amount and to itemise allocations for corpus fund, recurring expenses and purchase of a vehicle.

Exemption under section 35AC extended for specified welfare project following National Committee recommendation, authorising further specified-period continuation.
The Central Government, under section 35AC of the Income-tax Act, specifies the project of running a Balwadi and Centre for Integrated Development of girls, boys and women slum dwellers and a Centre for Development Activities for women at Pune, executed by Swa-Roopwardhinee, at an estimated cost of rupees forty lakhs, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002, following a National Committee recommendation that the project is being executed properly.

Section 35AC eligibility extended for Ritambhara project-school, hostel, community development and medical relief continue for three further years.
Specification under section 35AC extending tax-exemption eligibility for the project by Ritambhara Vishva Vidyapeeth comprising construction of a school and hostel for adivasi girls, establishment of community development centres for imparting self-employment skills to adivasi women, and medical relief in Dang district of Gujarat, specified for a further period of three years beginning with the assessment year 2001-2002 at an estimated cost of rupees one crore seventy eight lakhs seventy seven thousand.

Section 35AC exemption extension preserves eligibility of specified hospital and community health project for a further three-year period.
The Central Government specifies under the Explanation to section 35AC that Dr. M. L. Dhawale Memorial Trust's health project-comprising (a) construction of a 30 bed hospital with building, medical equipment, furnishing, ambulance and preliminary expenses; (b) modernisation of an existing hospital with related inputs; and (c) mobile health clinics and a community health workers' programme-is an eligible project for a further three year period beginning with the assessment year 2001-2002, following the National Committee's recommendation and noting estimated project cost and corpus fund.

Exemption under section 35AC: approval of public sector welfare schemes as eligible projects for deduction in specified districts.
Approval under section 35AC designates specified public sector welfare schemes as eligible projects for deduction, identifies the company and project costs, and fixes the maximum deductible portion; the notification limits the approval's operation to a particular assessment year.

Exemption under section 35AC: specified institutions' projects approved for deductible contributions, subject to maximum amounts and time limits.
The notification approves specified institutions and their identified projects as eligible for tax deduction under the exemption provision, specifying for each the project or scheme, estimated cost and the maximum amount allowable as deduction. It lists eight projects (hospital construction and equipment, traffic improvement, kidney care corpus, primary schools, rural development, agricultural training, cancer hospital works, and leprosy rehabilitation) and sets temporal approval limits: one assessment year for one listed project and three assessment years for the remaining projects.

Deduction of interest on securities allowed for specified ICICI Safety Bonds issued in public offer, qualifying for tax deduction.
The Central Government specifies certain ICICI Safety Bonds issued in the public offer as eligible for deduction of interest on securities and dividends under the relevant income-tax deduction provision, listing bond categories (Gilt Rate Plus, Encash, Tax Saving Options I-V, Regular Income Options I-III) with uniform face value and distinctive allotment ranges to operationally designate those allotments for the prescribed deduction treatment.

Deduction of interest on securities: specified ICICI Safety Bonds eligible for deduction under section 80L by government notification.
The Central Government, under clause (ii) of section 80L of the Income-tax Act, specifies certain bonds issued in the ICICI Safety Bonds-November 1999 public issue as bonds in the nature of debentures eligible for deduction of interest on securities; the notification lists each bond category, distinctive number ranges and the uniform face value per bond to effectuate that specification.

Deduction under section 80L: specified ICICI Safety Bonds made eligible for interest and dividend deduction by notification.
The Central Government, under clause (ii) of section 80L, specifies certain bonds issued in the ICICI Safety Bonds-October 1999 public issue as eligible for deduction of interest on securities and dividends. The notification lists categories-Encash bonds; Tax Saving Bonds (Options I-V); and Regular Income Bonds (Options I-III)-and records the number of bonds allotted, their distinctive serial number ranges and the aggregate amounts for each category.