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Notification u/s 35AC: Notifies the scheme or project “Purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra” being carried out by “Savali” - 136/2012- S.O. 665 (E) - Income TaxExtract Notification No. 136/2012 12 th March 2013 S.O. 665 (E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S. O. 198(E), dated 12th March, 1998 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 3, Purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra by Savali (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No. 14, S. No. 133, Kothrud, Pune-411 029, as an eligible project or scheme for a period of three years beginning with the assessment year 1998-99, which was extended further vide notification number S. O. 857(E), dated 21st September, 2000 for a period of three years beginning with the assessment year 2001-02, which was extended further vide notification number S. O. 607(E), dated 20th May, 2004 a period of three years beginning with the assessment year 2003-04, which was extended further vide notification number S. O. 479(E), dated 29th March, 2007 for a period of three years beginning with the financial year 2006-07 and which was extended further vide notification number S. O. 249(E), dated 21st January, 2009 for a period of three years beginning with the financial year 2009-10. And whereas the said project or scheme is likely to extend beyond fifteen years ; And, whereas, the National Committee for the 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 extending the said project or scheme for a further period of three years and amending the project cost of Rs. 71.21 lakh to 171.21 lakh ; 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), hereby notifies the scheme or project Purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra being carried out by Savali (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No. 14, S. No. 133, Kothrud, Pune-411 029, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13, i.e., 2012-13, 2013-14 and 2014-15. (b) further amends the said notification number S. O. 198(E), dated 12th March, 1998 to the following effect, namely : In the said notification, in the Table against serial number 3, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC of the Income-tax Act, 1961, for the letters, figures and word Rs. 71.21 lakh the letters, figures and word Rs. 171.21 lakh shall be substituted. [F. No. V-27015/4/2012-SO (NAT.COM)]
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