U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –The United Educational and Social Welfare Trust, Coimbatore - 131/2013 - Income Tax

NOTIFICATION NO. 131/2013 DATED 27-12-2013 S.O. 3882(E) - WHEREAS by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2545 (E) dated 06.10.2009 , 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 notified at serial number 5, Children s Home and Aged Home by The United Educational and Social Welfare Trust No. 96, Sathy Main road, Kurumbapalyam, Coimbatore-641107 , as an eligible project or scheme for a period of three years ending with financial year 2011-12; AND WHEREAS the said project or scheme is likely to extend beyond three 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 Children s Home and Aged Home , which is being carried out by The United Educational and Social Welfare Trust No. 96, Sathy Main road, Kurumbapalyam, Coimbatore-641107 , as an eligible project or scheme for a further period of three years beginning with financial years, 2013-14 i.e., 2013-14 2014-15, and 2015-16 but with the direction that as the financial year 2012-13 had already lapsed, no certificate under section 35AC of the IT Act, 1961 would be issued for the financial year 2012-13. (b) In the said notification, in the Table against serial number 5, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words Rs.8.65 crore , the letters, figures and words Rs.10.80 crore shall be substituted [F.NO.27015/3/2013-SO (NAT.COM)]