Specification of debentures as eligible tax instruments clarifies qualifying bond types, forms and distinctive-number ranges.
Specification of debentures identifying the Industrial Development Bank of India Flexi Bonds - 18th series (Regular Income Bond 2003D, Floating Rate Bonds 2003D, Infrastructure (Tax Saving) Bond 2003D) as qualifying instruments under clause (ii) of sub-section (1) of section 80L of the Income-tax Act, and distinguishing specified distinctive-number ranges for bonds held in physical form and for bonds held in demat form under options A-D.

Specified debentures designated under income tax provision: IDBI Flexibonds 17th series listed by bond type and holding form.
The Central Government specifies, under clause (ii) of sub section (1) of section 80L of the Income tax Act, particular debentures in the Flexibonds 17th series issued by the Industrial Development Bank of India as specified debentures, identifying Regular Income Bond, Growing Interest Bond and Infrastructure (Tax Saving) Bond types and listing distinctive number ranges for bonds held in physical form and in dematerialised form.

Specified debentures under section 80L: Flexibonds-16th series designated as qualifying tax-saving bonds in physical and demat form.
The Central Government specifies debentures issued by the Industrial Development Bank of India, Mumbai, in its public issue of Flexibonds (16th series) as qualifying instruments under clause (ii) of sub-section (1) of section 80L of the Income-tax Act. The notification lists distinctive-number ranges for Industrial Development Bank of India Infrastructure (Tax Saving) Bonds (2003 B) of the 16th series held in physical form and separately lists distinctive-number ranges for those held in dematerialised form, identifying which bonds are covered for tax-deduction eligibility.

Specified debentures for income tax deduction: IDBI Flexibands bonds listed by distinctive ranges and form.
The Central Government, invoking clause (ii) of subsection (1) of section 80L of the Income tax Act, specifies particular IDBI Flexibands 15th series bonds-Regular Income Bond, Growing Interest Bond, and Infrastructure (Tax Saving) Bond-by distinctive number ranges and by physical or dematerialised form, for the purposes of that clause.

Specification of debentures under tax provision identifies eligible Flexibonds series and exact instruments for tax treatment.
The Central Government designates specific debentures in Industrial Development Bank of India's Flexibonds 14th series for the purposes of the relevant tax provision by identifying named bond types (Regular Income Bond, Retirement Bond, Growing Interest Bond), distinguishing physical and demat holdings, and assigning exact distinctive number ranges and face value where applicable to define the instruments covered.

Notice requirements for enquiries: intermediary must receive detailed notice with documents and indicate desire to be heard.
Where an enquiry is proposed against an intermediary, a Board officer designated by the Chairman or Member must issue a notice stating the alleged contraventions and annex copies of relied upon documents and extracts of investigation or inspection findings. The notice must require the intermediary to submit a written statement to the enquiry officer (within a period ordinarily not exceeding twenty one days) and to specify whether they desire to be heard in person. The amendment also inserts a requirement that submissions under regulation 8 be made to the enquiry officer and adjusts a cross reference in regulation 16(5).

Exemption under section 35AC extended for School Adoption and Balwadi projects, eligibility renewed after committee recommendation.
Central Government specifies the School Adoption Scheme and Balwadi Project at Mumbai carried out by The Bombay Community Public Trust as an eligible project for tax exemption under section 35AC for a further three-year period commencing with the assessment year 2004-2005, following a recommendation by the National Committee for Promotion of Social and Economic Welfare under rule 11M(5) of the Income-tax Rules, 1962 and on the basis that the project is being executed properly.

Exemption under section 35AC: charitable construction and furnishing project declared eligible for a further extension of tax benefit.
Central Government specifies continuation of tax exemption for the project of construction, furnishing and provision of a vehicle for a Home for Aged and Orphans at Pedakakani carried out by Vathsalya Ashramam as an eligible project for a further three-year period commencing with the assessment year 2004-2005, following a recommendation by the National Committee for Promotion of Social and Economic Welfare and under the power to designate eligible projects for tax relief.

Tax exemption under section 35AC expanded for a mid-day meal scheme; approved project cost increased.
The Central Government amends the earlier notification specifying the Mid-day Meal Scheme run by Maria Seva Sangha in three Bangalore schools as an eligible project under the Income-tax Act and, following the National Committee's recommendation, increases the approved project cost from Rs. 15.00 lakhs to Rs. 30.00 lakhs, thereby substituting the approved cost in the original notification.

Tax exemption under section 35AC renewed for school construction project, eligibility extended following committee recommendation.
Central Government specifies continuation of tax-exemption eligibility for the Shri Arbuda Seva Sangh project consisting of school building, compound wall, land development for playground and building area at Bhiloda, Sabarkantha, Gujarat, and, following the National Committee's recommendation under the applicable rules, designates the project as an eligible scheme for a further two-year period, noting the estimated project cost for administrative purposes.

Exemption under income-tax provision extended for Kala Mandir construction; project eligibility renewed for a further two years.
Central Government specifies continuation of tax-exempt status for construction of Kala Mandir Building, Bhiloda, carried out by Shri Arbuda Seva Sangh, as an eligible project under the income-tax exemption framework for a further period of two years commencing with the assessment year 2004-2005, following the National Committee's recommendation that the project is being executed properly; the specification identifies the executing body, project location and estimated project cost.

Exemption under section 35AC extended for a specified hostel and school project, preserving its eligible-project tax status.
Central Government specifies the construction of a hostel for visually impaired college students and working women and the running of a school for visually impaired girls at Dadar by Smt. Kamla Mehta Dadar School for the Blind as an eligible project for income-tax exemption under the relevant provision, and, on recommendation of the National Committee, extends that specification for a further three-year period commencing with the assessment year 2004-2005, noting the project's estimated cost and corpus fund.

Exemption under section 35AC: Ayurvedic hospital construction designated eligible for a further three-year period.
The Central Government specifies the construction of a building with modern amenities for an Ayurvedic hospital at Zadeshwar by Shri Anantlal Tribhovandas Shah Ayurvedic Sarvajanik Hospital as an eligible project under section 35AC for a further three-year period commencing with the assessment year 2004-2005, following the National Committee's recommendation that the continuing project is being executed properly and noting the estimated project cost and corpus fund.

Exemption under section 35AC extended for a specified charitable hospital project; eligible contributions retain tax benefit.
The Central Government specified the scheme of construction of an indoor ward, balwadi, irrigation tanks and related equipment and vehicles at Village Kasna by Seva Mandal Meghraj as an eligible project or scheme for tax exemption; following a recommendation by the National Committee for Promotion of Social and Economic Welfare that the project was being executed properly, the Government extended the project's eligibility for a further three-year period commencing from the stated assessment year.

Tax exemption for specified charitable projects requires public notice and CA certification confirming majority beneficiaries are economically weaker.
The Central Government approves specified charitable institutions and designates eligible projects or schemes with estimated costs and maximum deductible amounts for limited assessment years. Many approvals require prominent public notices that benefits are free of cost (or free to economically weaker sections) and annual Chartered Accountant certification with tax returns that records show at least fifty percent of beneficiaries are economically weaker and received full benefits free. The notification also notes institution-specific conditions such as land transfer and corpus fund allocations.

Specified intermediaries registration: commencement date set and prescribed application fee required for central database enrollment.
Notification designates specified intermediaries under the Central Database of Market Participants Regulations, 2003, fixes 1 December 2003 as commencement for most provisions and 31 March 2004 as the notified date for compliance by specified intermediaries, and prescribes a fixed application fee payable by demand draft to the Securities and Exchange Board of India; an annexure lists the covered intermediary categories.

Tax exemption recognition for charitable society requires exclusive application of income, restricted investments, business separation and dissolution rules.
Notification recognizes Annapurna Mahila Mandal under clause (23C)(iv) of section 10 for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively for its objects; restrict investments to forms permitted by Section 11(5) (except voluntary contributions held as jewellery or furniture); treat business income as taxable unless incidental with separate books; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Tax exemption recognition under section 10(23C)(iv) granted to Council for Leather Exports, subject to specified compliance conditions.
Notification recognises the Council for Leather Exports, Chennai under clause (23C)(iv) of section 10 subject to conditions: income must be applied or accumulated solely for its objects; investments limited to forms permitted under Section 11(5) except specified voluntary contributions; business income excluded unless incidental and separately maintained; regular filing of returns required; and on dissolution surplus and assets must transfer to a like charitable organisation.

Income-tax exemption for Export Promotion Council for Handicrafts confirmed subject to conditions on application, investments, business and dissolution.
Notification designates the Export Promotion Council for Handicrafts as eligible under section 10(23C)(iv) for specified assessment years, conditional on applying or accumulating income exclusively to its objects; restricting investments and deposits to modes permitted under Section 11 (except certain voluntary contributions in kind); treating business income as exempt only if incidental and maintained in separate books; filing returns regularly under the Income-tax Act; and, upon dissolution, transferring surplus and assets to a charitable organisation with similar objectives.

Tax exemption notification grants temple recognition subject to income application, permitted investments, accounting and dissolution transfer conditions.
Notification recognizes Shri Dwarkadhishji Mandir under clause (23C)(v) of section 10 subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to permitted forms (excluding voluntary contributions maintained as jewellery or furniture); exemption not to apply to business profits unless incidental and separately accounted; regular filing of income-tax returns; and, on dissolution, transfer surplus and assets to a charitable organisation with similar objectives.