Notification u/s 35AC - Notifies the scheme or project for Childline India Foundation, which is being carried out by Childline India Foundation, 2nd Floor, Nanachowk Municipal School, Frere Bridge Low Level, Near Grant Road Station, Mumbai-400 007 - 46/2013 - S.O. 3164(E) - Income Tax

NOTIFICATION NO. 46/2013 DATED 17-10-2013 S.O. 3164(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.81(E) dated the 24th January, 2005 , issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961 ), the Central Government had specified at serial number 4, for 'Childline India Foundation' by 'Childline India Foundation, 2nd Floor, Nanachowk Municipal School, Frere Bridge Low Level, Near Grant Road Station, Mumbai-400 007', as an eligible project or scheme for a period of three years beginning with financial year 2004-2005; which was extended further vide notification number 1159(E) dated 16th July, 2007 for a period of three years beginning with financial year 2007-08, which was vide Notification number S.O. 1792 (E) dated 21st July, 2010 further extended for a period of three years ending with financial year 2012-2013. And whereas the said project or scheme is likely to extend beyond nine years; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years; Now, therefore, the Central Government in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961 ), -(a) hereby notifies the scheme or project for Childline India Foundation, which is being carried out by Childline India Foundation, 2nd Floor, Nanachowk Municipal School, Frere Bridge Low Level, Near Grant Road Station, Mumbai-400 007, as an eligible project or scheme, for a further period of three years beginning with financial year 2013-14 i.e. 2013-14, 2014-15 2015-16. (b) hereby amends the said notification number S.O.81(E) dated the 24th January, 2005 to the following effect, namely :- In the said notification, in the Table against serial number 4 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words "Rs.2.66 crore", the letters, figures and words "Rs. 4.66 crore" shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]