U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Sri Ramakrishna Sevashrama (Swami Vivekananda Integrated Rural Health Centre Shree Sharada Devi Eye Hospital), Tumkur, Karnataka - S.O.1512 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 29/2016 New Delhi, the 26th April, 2016 S.O.1512 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO.713(E) dated 08.08.1995 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 2, Construction, establishment and running of 30 bed Swami Vivekananda Integrated Rural centre for elimination of leprosy and Tuberculosis by Sri Ramakrishna Sevashrama (Swami Vivekananda Integrated Rural Health Centre Shree Sharada Devi Eye Hospital), Swami Vivekananda Nagar, Pavagada-561202, Tumkur district,Karnataka. , as an eligible project or scheme, at the estimated cost of ₹ 1.15 crore for a period of three years ending with financial year 1998-99; which was further extended vide notification number S.O.99(E) dated 11.02.1999 for three years ending with financial year 2001- 02; which was further extended vide notification number S.O.1217(E) dated 12.12.2001 for three years ending with financial year 2004-05; which was further extended vide notification number SO.No.386(E) dated 23.03.2005 for three years ending with financial year 2006-07; which was further extended vide notification number S.O.496(E) dated 20.03.2007 for three years ending with financial year 2009-10; which was further extended vide notification number S.O. 1791(E) dated 21.7.2010 for three years ending with financial year 2012-13 and which was further extended vide notification number S.O. 629(E) dated 12.3.2013 for a period of three years ending with financial year 2015-16; And whereas vide notification number S.O.496(E) dated 20.03.2007, the project cost was enhanced from Rs. 142 lakh to Rs. 292 lakh and whereas vide notification number S.O. 63(E) dated 6th January, 2015 , the project cost was enhanced from Rs. 292 lakh to Rs. 8.00 crore ; And whereas the said project or scheme is likely to extend beyond 21 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 extending the said project or scheme for a further period of three years. However, the exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules 2014 ; 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 Construction, establishment and running of 30 bed Swami Vivekananda Integrated Rural centre for elimination of leprosy and Tuberculosis which is being carried out by Sri Ramakrishna Sevashrama (Swami Vivekananda Integrated Rural Health Centre Shree Sharada Devi Eye Hospital), Swami Vivekananda Nagar, Pavagada-561202, Tumkur district,Karnataka. , without any change in the approved cost of ₹ 8.00 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2016-17 i.e. 2016-17, 2017-18 and 2018-19; (b). The exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules 2014. [F.No.V. 27015/1/2016-SO (NAT.COM)] MAKKHAN LAL MEENA,Dy. Secy. (National Committee)