U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Janahitha, Raichur - 19/2014 - Income Tax

NOTIFICATION NO. 19/2014 DATED 31-7-2014 S.O. 1942(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.3021(E) dated 23.12.2010 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 16, Micro-finance programme for Anganwadi workers, community empowerment project, shelter home for rescued children and for a corpus fund of 50 lakh by Janahitha, Anantha Krupa, No. 8-11-336, Neelakntheshwara Nagara, NGO Colony Raichur 584103 , as an eligible project or scheme, at the estimated cost of ₹ 5.03 crore, for a period of three years 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), hereby notifies the scheme or project Micro-finance programme for Anganwadi workers, community empowerment project, shelter home for rescued children and for a corpus fund of 50 lakh , which is being carried out by Janahitha, Anantha Krupa, No.8-11-336, Neelakntheshwara Nagara, NGO Colony Raichur 584103 , without any change in the approved cost of ₹ 5.03 crore, for a further period of three years commencing with financial year 2013-14, i.e., 2013-14, 2014-15 and 2015-16 but with the direction that as the financial year 2013-14 has already elapsed, no certificate under Section 35AC (1) of the IT Act, 1961 shall be issued for the said financial year 2013-14. [F.NO.V.27015/1/2014-SO(NAT.COM)]