Notification u/s 35AC - Notifies the scheme or project "Expansion of Old Age Home" which is being carried out by "Sree Sree 108 Karunamoyee Kalimata Mandir, 107/1, Dr. Meghnad Saha Sarani, Calcutta 700029" - 52/2013 - S.O. 3170(E) - Income Tax

NOTIFICATION NO. 52/2013 DATED 17-10-2013 S.O. 3170(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 614(E), dated 18th March, 2010 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961 ), the Central Government had notified at serial number 29 "Expansion of Old Age Home" by "Sree Sree 108 Karunamoyee Kalimata Mandir, 107/1, Dr. Meghnad Saha Sarani, Calcutta 700029", as an eligible project at the estimated cost of Rs 666.07 lakh including a corpus fund of Rs. 400 lakhs, for a period of three years ending with financial year ending with financial year 2012-13. And whereas the said project or scheme is likely to extend beyond 3 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 "Expansion of Old Age Home" which is being carried out by "Sree Sree 108 Karunamoyee Kalimata Mandir, 107/1, Dr. Meghnad Saha Sarani, Calcutta 700029", as an eligible project or scheme, for a further period of three years commencing with financial year 2013-14, i.e., 2013-14, 2014-15 2015-16. (b) hereby amends the said notification number S.O. 614(E), dated 18th March, 2010 to the following effect, namely :- In the said notification, in the Table against serial number 29 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words "Rs. 666.07 lakh including a corpus fund of Rs.400 lakh", the letters, figures and words "Rs. 856.97 lakh including a Corpus Fund of Rs. 400 Lakh" shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]