Section 35AC eligibility extended for a social welfare project, confirming continuation of approved cost and three-year extension.
The Central Government, exercising powers under the Explanation to section 35AC, notifies the Trikkadavoor social welfare scheme carried out by Shri C.J. Fernandez, Chooravilla Joseph Development Foundation, as an eligible project for a further three-year period commencing with financial year 2011-12, with no change to the previously approved enhanced cost and corpus fund.

Section 35AC notification approves enhanced project cost for maintenance and running of named health scheme, increasing allowable deduction.
Notification under Section 35AC designates the maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal as an eligible project and amends a prior notification to substitute the previously notified maximum project cost and corpus fund amount with higher figures, following the National Committee's recommendation that the project is properly executed.

Section 35AC eligibility extended for animal welfare project for further financial years after national committee recommendation.
Central Government notifies under Section 35AC that the People for Animals project for maintenance of animal hospitals, purchase of medicines, feed, ambulances and animal awareness programmes is an eligible scheme for a further three-year period commencing 2011-12, without change to the approved cost of Rs. 14.90 crore, following the National Committee's recommendation under the Income tax Rules and earlier notifications extending the scheme.

Section 35AC eligibility extended for outreach cancer care, vocational training and palliative therapy for three additional years.
Central Government notifies continuation of eligibility under Section 35AC for Global Cancer Concern India's scheme covering vocational training, education to a destitute child, outreach cancer care, detection camps and palliative therapy; the National Committee recommended extension after finding the scheme properly executed, and the scheme is eligible for a further three-year period commencing 2011-12 without change in the approved project cost.

Project eligibility extension under Section 35AC approved for Medical Relief Project, increasing the maximum allowable project cost.
The Central Government notifies that the "Medical Relief Project at Ahmedabad" by Dardiono Rahat Fund is an eligible project under the Income-tax Act for a further three financial years commencing 2011-12, and amends the earlier notification by substituting the prior maximum allowable project cost with an increased maximum amount, following the National Committee's recommendation under the Income-tax Rules to extend eligibility and enhance the project cost ceiling.

Notification under Section 35AC increases the approved project cost ceiling for a charitable health centre, updating deduction eligibility.
Notification confirms the Omayal Achi Community Health Centre at Arakambakkam as an eligible project for deduction under the income-tax deduction provision and, following the National Committee's recommendation, amends the earlier notification by increasing the maximum project cost allowable for deduction while retaining the corpus fund amount.

Small account limits: simplified KYC with designated officer certification, monitored branches, and remittance restrictions without full ID.
The amendment creates a small account class with restricted transactional and balance thresholds and allows opening on a self attested photograph and signature or thumbprint certified by a designated officer. Such accounts must be opened only at CBS linked or manually monitored branches to prevent foreign remittances and to ensure limits are respected. Initial operation is time limited and extendable pending application for official ID; suspicious activity triggers full identity verification. NREGA job cards and Aadhaar letters are added as officially valid documents and accounts opened solely on those documents are to be treated as small accounts.

Commencement of Finance Act designated; corrigendum corrects a misprinted section reference to section seventy-four in prior notification.
Designates the commencement date for the Finance Act, 2011 as the first day of May, 2011 and issues a corrigendum to replace the erroneous reference to section 71 with section 74 in the Service Tax notification published on 25th April, 2011 in the Gazette of India.

Correction to Service Tax notification references updates the prior notification citation for the Service Tax rules.
Amends Service Tax Rules, 1994 by corrigendum correcting a citation in the notification dated the 25th April 2011: the note which had referred to "notification No.25/2011-Service Tax, dated the 31st March, 2011, vide number G.S.R.184(E)" shall be read as referring to "notification No.26/2011-Service Tax, dated the 31st March, 2011, vide number G.S.R.284(E)".

Amendment to Taxation of Services rules adds additional service entries to clause (i), expanding taxable inbound services.
The Third Amendment substitutes in rule 3, clause (i) of the Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 the bracketed references "(zzzzm) and (zzzzu)" with "(zzzzm), (zzzzu), (zzzzv) and (zzzzw)", thereby adding two additional specified service entries; the amendment is effective 1 May 2011.

Amendment to Export of Services Rules expands specified clause list, altering scope of eligible services.
Amendment to the Export of Services Rules, 2005 substitutes the bracketed letters and words in rule 3(1)(i), expanding the referenced list from "(zzzzm) and (zzzzu)" to "(zzzzm), (zzzzu), (zzzzv) and (zzzzw)"; promulgated as the Export of Services (Third Amendment) Rules, 2011, under powers of the Finance Act with commencement on 1st May, 2011.

Tax option for life insurers allows payment on disclosed investment-adjusted premium or a fixed percentage when not disclosed.
Insurers carrying on life insurance business may elect an option to pay tax either on gross premium reduced by amounts allocated for investment or savings when such allocations are disclosed to the policy holder at the time of service, or otherwise by paying a prescribed fixed percentage of the gross premium; this option replaces charging service tax at the general rate and is not available where the entire premium is only towards risk cover in life insurance.

Service tax on hospitality services: AC restaurants serving alcohol and short-stay accommodation now taxable under amended notification.
Amendment adds two entries to Notification No.1/2006-Service Tax, effective 1 May 2011: service tax applies to restaurants with any air-conditioned area and a licence to serve alcoholic beverages for on-premises serving of food or beverages; and to hotels, inns, guest houses, clubs or campsites for accommodation provided for continuous periods of less than three months. Both entries are inserted into the Table of the principal notification.

Service tax exemption for preschool and recognised training removes liability where courses are provided by commercial coaching centres.
Exempts preschool coaching and coaching or training that leads to a certificate, diploma, degree or other educational qualification recognised by law from the whole of service tax when provided by commercial coaching or training centres; the exemption operated from the notified commencement date and was later rescinded by a subsequent notification.

Rescission of notification withdraws prior service tax rule while preserving actions taken before its repeal.
The Central Government, acting in the public interest under powers conferred by the Finance Act, rescinds the earlier service tax notification of 2006 and includes a savings clause preserving validity of acts or omissions prior to the rescission; the rescission takes effect from the specified commencement date, thereby withdrawing the prior notification's prospective application.

Accommodation service tax exemption applies when declared tariff for a unit of accommodation falls below specified threshold.
The Central Government exempts the taxable accommodation service under sub-clause (zzzzw) of clause (105) of section 65 from service tax under section 66 when the declared tariff is less than rupees 1000 per day, effective 1 May 2011 and later rescinded; "declared tariff" includes charges for all amenities provided in the unit (such as furniture, air-conditioner, refrigerator) but excludes discounts on published charges.

Service tax exemption for clinical establishments removes levy on the specified taxable service under the Finance Act.
The Central Government exempted the taxable service provided by clinical establishments, relieving that specified taxable service from the whole of service tax leviable under the Finance Act, effective from the stated commencement date; that exemption was subsequently rescinded by a later notification.

Commencement of Finance Act appointment brings the Act into force from the notified date by government notification under section 74.
The Central Government, invoking its statutory commencement powers, notifies the specific day on which the Finance Act shall come into force, formalised by Gazette publication and followed by a corrigendum correcting the original notification.

Anti dumping duty continuation on silk imports from China extended; duty payable in Indian currency and remains in force.
Continuation of anti-dumping duty on silk fabric from the People's Republic of China is extended following a designated authority review under section 9A and rule 23. The amendment substitutes paragraph 2 of the principal notification to provide that the duty is effective from the date of Gazette publication, payable in Indian currency, and remains in force up to and inclusive of the specified terminal date unless revoked earlier.

Deduction for insurance premiums: corrigendum replaces the named annuity plan to correct the eligible plan reference.
Corrigendum amends the earlier income tax notification by substituting the named annuity plan: the phrase identifying the annuity plan of one insurer is to be read instead as identifying the annuity plan of another insurer, thereby correcting the specific annuity plan referenced for deduction treatment.