Research expenditure exemption granted; society approved for tax benefit subject to audit, donation tracking and bona fide research compliance.
Approval is granted to the Indian Society of International Law as an Other Institution partly engaged in research for the research-expenditure tax exemption, effective from assessment year 2010-11, on condition that funds are used for social science research; research is carried out by faculty or enrolled students; books are maintained and audited with the audit report furnished to the tax authority by the income-tax return due date; and a separate auditor-certified statement of donations and amounts applied to research is maintained. Approval may be withdrawn for noncompliance or cessation of genuine research activity.

Scientific research exemption approved for an academic institution subject to utilization, separate accounts, audit and reporting conditions.
Approval is granted to Chettinad Academy of Research and Education as an Other Institution under clause (ii) of sub-section (1) of section 35 read with Rules 5C and 5E from assessment year 2010-11, subject to use of sums for scientific research, research carried out by faculty or enrolled students, maintenance of separate books of account for research funds with an auditor's report filed by the income-tax return due date, and a certified statement of donations and sums applied for research; approval is withdrawable for specified failures to comply.

Section 35AC eligibility extended for Shri Saibaba Sanstha Trust project for a further three-year period.
The Central Government notifies the Shri Saibaba Sanstha Trust (Shirdi) scheme "Development of integrated socio economical health, education and essential facilities" as an eligible project under Section 35AC for a further three-year period commencing with financial year 2011-12, without any change in the approved cost of Rs. 75.00 crore, following the National Committee's recommendation under the applicable rule that the project is being executed properly.

Section 35AC eligibility extended for Umeed healthcare project for a further period with unchanged approved cost.
The Central Government notifies the "Health care project" by Umeed at the Hauz Khas address as an eligible project or scheme under the Explanation to section 35AC, following the National Committee's recommendation under sub rule (5) of rule 11M. Eligibility is extended for a further period commencing with financial year 2011-12 for three years, without any change in the previously approved cost of Rs. 4.50 crore.

Eligible project designation under section 35AC extended for Human Development Foundation of Sikkim, preserving approved project cost.
The Central Government, under the Explanation to section 35AC, notifies the Educational Institution project of Human Development Foundation of Sikkim as an eligible project or scheme for a further three financial years commencing with 2011-12, without any change in the approved project cost of Rs. 20 crore, following a recommendation by the National Committee that the project is being executed properly.

Section 35AC eligibility extended for Multi Organ Harvesting and Sharing Network; further eligibility period granted for continued tax incentive.
Notification extends tax-incentive eligibility under Section 35AC to the "Multi Organ Harvesting and Sharing Network in India" run by Mohan Foundation for a further three-year period commencing with financial year 2011-12, based on the National Committee's recommendation that the project is being executed properly and is likely to continue beyond six years, with no change to the approved project cost.

Tax deduction eligibility for approved charitable hospital projects expanded by increasing allowable project cost and corpus fund.
The Central Government, following the National Committee's recommendation that the hospital project is properly executed, revises the previously notified maximum allowable project cost and corpus fund for an approved charitable deduction, substituting the prior cost and corpus figures with the revised amounts in the schedule entry for K.M.G. General Hospital carried out by Kacheria Mojilal Gordhandas General Hospital Trust.

Section 35AC eligibility extended for a charitable rural education project after National Committee recommendation for further term.
The Central Government, exercising powers under the Income-tax Act and Rules, notifies Rishi Valley Rural Education Centre run by Krishnamurthi Foundation India as an eligible project for a further three financial years commencing with 2011-12, following the National Committee's recommendation, and affirms no change in the previously approved project cost.

Deduction under section 35AC: Helpage India project cost ceiling increased, allowing higher allowable deductions for eligible welfare activities.
Notification amends the prior specification of an eligible charitable project carried out by Helpage India to increase the maximum project cost permitted for deduction purposes, following the National Committee's recommendation, and substitutes the existing ceiling in the original notification's table entry to reflect the enhanced permissible project cost for listed medical and welfare activities.

Deduction under section 35AC: allowable corpus deduction for Helpage India increased to a higher ceiling following committee recommendation.
The Central Government, under sub-section (1) read with clause (b) of the Explanation to Section 35AC, re notifies the scheme "Building a general corpus fund for Helpage India's work" and amends the earlier notification by substituting the previously stated maximum amount of cost to be allowed as deduction under section 35AC in the Table against the relevant serial number with a higher corpus fund ceiling, following the National Committee's recommendation after satisfaction with project execution.

Eligible project recognition under income-tax rules extended for kidney care scheme, maintaining prior approved cost and continued incentive eligibility.
Notification extends recognition of the kidney care project carried out by Arogyaseva Medical Academy of India as an eligible project or scheme for income-tax incentive purposes for a further three financial years commencing with 2011-12, issued on the basis of a recommendation by the National Committee and without any change in the approved project cost.

Section 35AC notification extends eligibility of a charitable medical project for a further three-year period, certificate restricted for lapsed year.
Notification under Section 35AC extends eligibility of the Smt. Lakshmi Shah Rural Medical and Research Centre project carried out by Smt. Lakshmi and Shri Jankilal Shah Foundation for a further three-year period commencing with financial year 2010-11, on recommendation of the National Committee, with the approved project cost remaining unchanged and a direction that no certificate shall be issued for the lapsed financial year 2010-11.

Tax deduction eligibility under section 35AC extended for notified handicapped welfare project after committee recommendation.
The Central Government extends notification of the "Project for handicapped persons" by Disabled Welfare Trust of India as an eligible project under the tax-deduction provision for a further three-year period commencing with the 2011-12 financial year, following the National Committee's recommendation that the project is being properly executed; the extension is granted without change to the approved project cost.

Tax deduction under section 35AC: notification extends eligibility and increases approved project cost for kidney disease awareness programme.
The Central Government, on the National Committee's recommendation under the Income-tax Rules, has notified a further three-year extension of the India Renal Foundation's "Prevention of kidney diseases through awareness programme" as an eligible project under section 35AC, and has amended the previously approved maximum project cost to a higher consolidated amount that includes recurring expenses for the extended period and the cost of a vehicle, thereby updating the allowable deduction in the original notification's table.

Section 35AC eligibility extended for rural development project by Vldya Pratishthan for a further three-year period.
The Central Government, under Section 35AC, notifies the "Empowering the poor - rural development project" by Vldya Pratishthan, Baramati, as an eligible project for a further three-year period commencing with financial year 2011-12, without any change in the approved cost of Rs.28.21 crore, following a recommendation by the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules.

Extension of eligibility under Section 35AC: sustainable development through biotechnology project granted a further three-year continuation.
The Central Government notified continuation of the "Sustainable development through biotechnology" scheme by Vidya Pratisbthan as an eligible project for a further three-year period commencing with financial year 2011-12, confirming no change to the approved cost of Rs. 13.94 crore and recording the National Committee's recommendation that the project is being executed properly under the applicable Income-tax Rules.

Exchange rate determination sets conversion rates for various foreign currencies effective 1 May 2011 for imports and exports.
Determination under section 14 of the Customs Act fixes conversion rates between specified foreign currencies and Indian rupees for import and export valuation effective 1 May 2011, superseding the prior notification of 29 March 2011; two schedules prescribe distinct rates for imported and export goods, with Schedule I covering unit rates for major currencies and Schedule II covering the rate per 100 units for the Japanese Yen.

Section 35AC notification: extension of eligible project status for childhood blindness initiative for three further financial years.
The Central Government, on the recommendation of the National Committee, has notified continuation of the KG crusade against childhood blindness run by K. Govindaswamy Naidu Memorial Trust as an eligible project or scheme for tax incentive purposes for a further three financial years commencing 2011-12, with no change to the previously approved project cost.

Section 35AC notification extends eligibility of Akshar centre for hearing impaired as an approved project for a further period.
Notification designates the Akshar centre for hearing impaired by Akshar Trust as an eligible project under the Income-tax Act and extends its eligibility for a further three financial years commencing 2011-12, following a recommendation of the National Committee for Promotion of Social and Economic Welfare; the extension is granted without any change to the approved project cost of Rs. 62 lakh.

Section 35AC notification extends the "Doctor at Doorstep" scheme and raises the allowable project cost limit for deduction.
The Central Government, acting on the National Committee's recommendation and under the Income-tax Act, extends the eligibility of the "Doctor at Doorstep" scheme by Mahavir International for three further financial years beginning 2011-12 and amends the earlier notification to increase the maximum project cost eligible for deduction by substituting a higher cost figure in the Table against the scheme's entry.