Special Economic Zone designation confirms central government notification of land in Noida for IT and IT-enabled services.
The Central Government, under the Special Economic Zones Act and Rules, has notified a parcel of land in Noida as a Special Economic Zone for information technology and information technology enabled services following prior grant of a letter of approval and satisfaction of statutory prerequisites required for SEZ notification.

Special Economic Zone notification enables Mahindra World City to establish an auto ancillary SEZ.
Notification under Section 4 of the Special Economic Zones Act, 2005 designates 45.918 hectares at Mahindra World City in Chengalpattu, Kancheepuram District as a Special Economic Zone for auto ancillary activity, following grant of a letter of approval to M/s. Mahindra World City Developers Limited and on satisfaction of the requirements of Section 3. The instrument supersedes prior notifications subject to saved actions and specifies the notified parcels by village and survey number, totaling 45.91.8 hectares.

Special Economic Zone notification designates Mahindra World City area for apparel and fashion accessories under SEZ Act.
Notification designates approximately 32.47.8 hectares at Mahindra World City, Chengalpattu, Kancheepuram, Tamil Nadu as a Special Economic Zone for apparel and fashion accessories for M/s. Mahindra World City Developers Limited under the Special Economic Zones Act and Rules; it supersedes earlier notifications, follows a prior letter of approval, and includes a detailed table of survey numbers and parcel extents with a later correction to the table.

Special Economic Zone designation enables Mahindra World City Developers to establish an IT, hardware and bio informatics SEZ.
Under Section 4 of the Special Economic Zones Act, 2005 read with rule 8 of the SEZ Rules, 2006, the Central Government notifies 262.13.8 hectares at Mahindra World City, Taluk Chengalpattu, Kancheepuram District, Tamil Nadu, as a Special Economic Zone for information technology, hardware and bio informatics to enable M/s Mahindra World City Developers Limited to set up the SEZ, specifying the constituent land by village and survey numbers in an appended Table; the notification supersedes earlier notifications and was corrected by S.O. 846(E).

Zero coupon bond designation for IDFC grants specified tax classification subject to compliance with prescribed conditions.
The Central Government specifies the zero coupon bond of IDFC for the purposes of section 2(48) of the Income-tax Act by naming the bond, fixing its twenty-year life, prescribing the issuance window, stating the maturity payment and issuer-determined discount, and setting the number of bonds; the notification is subject to fulfilment of conditions in the Income-tax Rules governing zero coupon bonds.

Zero coupon bond specified under section 2(48): IDFC bond set out with issuance schedule, maturity and discount terms.
IDFC's Ten Years Zero Coupon Bond is specified as a zero coupon bond under clause 48 of section 2 of the Income-tax Act, 1961, with particulars: name, ten year life, issuance by the stated deadline, specified maturity payment per bond, discount to be decided by the issuer at issue, and a fixed number of bonds; the specification is subject to fulfilment of conditions in the relevant sub rules of rule 8B of the Income tax Rules, 1962.

Zero coupon bond designation: ten year instrument specified for tax classification under the Income tax Act, subject to rule based conditions.
The Central Government specifies a named instrument as a zero coupon bond for section 2(48) by listing its name, ten year life, issuance deadline, redemption amount per bond, issuer determined discount at issue, and total number of bonds; this designation is subject to fulfillment of conditions in specified sub rules of rule 8B of the Income tax Rules, 1962.

Zero coupon bond designation for HUDCO ten-year bonds under income-tax law, subject to specified rules conditions.
Specification designates the zero coupon bond status for the Ten Years Zero Coupon Bond of HUDCO under section 2(48) of the Income-tax Act. It records the bond's name, ten year life, issuance deadline, specified redemption amount per bond, discount to be fixed by HUDCO at issue, and the total number of bonds, and makes the designation conditional on compliance with specified clauses of sub-rule (3) and sub-rule (6) of rule 8B of the Income tax Rules, 1962.

Zero coupon bond designation: HUDCO bond specified under income tax provisions, subject to Income tax Rules compliance.
Specification designates the fifteen year HUDCO zero coupon bond as a zero coupon bond by declaring its life, maturity redemption amount per bond, issuer determined discount, total number of bonds and issue schedule, and makes the designation subject to compliance with clauses (ii), (iii) and (v) of sub rule (3) and sub rule (6) of rule 8B of the Income tax Rules.

Zero coupon bond designation under section 2(48) clarifies tax character of SIDBI ten year issue subject to rule 8B conditions
Central Government designates the ten year zero coupon bond of the Small Industries Development Bank of India as a zero coupon bond for the Income tax Act, specifying name, ten year term, issue by 31 March 2009, maturity payment of twenty one thousand six hundred rupees per bond, discount to be decided at issue, total issuance of five lakh bonds, and subjecting the designation to conditions in sub rule (3) and sub rule (6) of rule 8B of the Income tax Rules, 1962.

Taxation of royalties and fees for technical services: treaty updated to adopt a lower source tax rate consistent with other agreements.
Amendment implements the treaty mechanism matching a lower source tax rate for royalties and fees for technical services where a later agreement with a third State provides a lower rate, substituting the previously specified maximum rate with a lower rate in the implementing notification and specifying effective dates for the change.

Regulatory fee on stock exchanges: SEBI notifies regulations exercising statutory powers to prescribe and collect such fees.
The notification promulgates the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) Regulations, 2006, establishing a framework for a regulatory fee on recognised stock exchanges. It records the Board's exercise of statutory powers under the SEBI Act to prescribe, impose and administer such fees and is issued as a Gazette notification dated 14 December 2006.

Commencement of Credit Information Companies Act: all provisions brought into force on notified date by central government
The Central Government, exercising power under subsection (3) of section 1 of the Credit Information Companies (Regulation) Act, 2005, appoints the fourteenth day of December, 2006 as the date on which all provisions of the Act shall come into force.

Extension of exemption notification effective date amended under Customs Act powers to substitute the previously specified date.
The amendment exercises power under section 25(1) of the Customs Act to substitute, in the preamble proviso of Notification No. 21/2002 Customs (clause (h)), the previously stated commencement date with a new specified commencement date, thereby altering the operative date for the exemption provided by that clause as part of a further amendment to the principal notification.

Special Economic Zone designation: Attipra area notified for ITES development under SEZ framework enabling project implementation.
Notification designates a contiguous 34.47 hectare tract at Attipra Village, Thiruvananthapuram, Kerala, as a Special Economic Zone for information technology enabled services, following grant of a letter of approval to M/s. Electronics Technology Parks Kerala and satisfaction of statutory and rule based prerequisites; it lists each constituent survey number with parcel extents and sets the physical boundaries defining the zone.

Special Economic Zone notified for Electronic Hardware Technology Park and information technology enabled services at Gandhinagar.
Notification declaring land at Gandhinagar Electronic Estate as a Special Economic Zone for an Electronic Hardware Technology Park and/or information technology enabled services, issued pursuant to the statutory power to notify SEZs after grant of a letter of approval to the Gujarat Industrial Development Corporation and upon satisfaction that statutory eligibility and related requirements are fulfilled; the notified area comprises twenty eight hectares and its boundaries are specified.

Tax exemption for notified charitable trust requires exclusive application of income and specified compliance conditions.
The Central Government notifies The Triangle Tennis Trust, Chennai, as tax-exempt for the stated assessment years subject to conditions: income must be applied or accumulated exclusively for trust objects; investments limited to prescribed permitted forms (excluding voluntary contributions held as jewellery, furniture etc.); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus assets must be transferred to a charitable organisation with similar objectives.

Special Economic Zone notification designates village land for IT/ITES development following statutory approval and compliance.
Central Government, invoking section 4(1) of the Special Economic Zones Act, 2005 and rule 8 of the SEZ Rules, 2006, notifies a total area of 202.40 hectares at Village Koheda, Ranga Reddy District, Andhra Pradesh, as a Special Economic Zone for information technology and information technology-enabled services following grant of a letter of approval to M/s. Sanghi SEZ Private Limited and satisfaction of the requirements under section 3(8) of the Act; the notification lists the specific survey parcels and areas comprising the SEZ.

Exemption of insurance services for sheep from service tax, relieving insurers and policyholders of the tax levy on those policies.
Exempts taxable general insurance services for the insurance of sheep from the whole of service tax, relieving insurers carrying on general insurance business from charging service tax on policies issued to policyholders for sheep insurance under powers conferred by the Finance Act.

Industrial Park notification designates undertaking for tax benefits subject to infrastructure, minimum units and compliance conditions.
The Central Government notifies M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for the purposes of clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location and area, 100% industrial allocation, minimum seventy-five units, specified investment and commencement date. Tax benefits are conditional on achieving the minimum unit threshold. Infrastructure expenditure minimums (50% generally; 60% if built-up space provided), prohibition on any single unit occupying over fifty percent of allocable area, requirement for statutory approvals, continuity of operation by the developer, transfer notification, and grounds for invalidation or withdrawal are set out.