U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Social Action for Manpower Creation (SAMPARC), Pune - S.O.1536 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 53/2016 New Delhi, the 26th April, 2016 S.O.1536 (E). -Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1253(E) dated 16.05.2013 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 7, (1) Promotion and development of sports training centre for orphan, poor, needy tribal children of SAMPARC project area. (2) Repairs renovations of Bhaje Balgram including fencing. (3) Construction of first floor (4) Supporting counseling centre for poor needy children (5) Enhancing the capacity of staff 1200 residential institutions staff of Maharashtra state (6) Sponsorship assistance for the care of 650 orphan needy children (7) Raising corpus fund for making the organization self-sustain (8) Educational sponsorship for the poor needy rural and destitute 950 children by Social Action for Manpower Creation (SAMPARC), 9, Varad Apartment, Plot No. 292, S.No. 37-45, Yashwant Nagar, Talegaon Dabhade Station, Pune 410 507 , as an eligible project or scheme, at the estimated cost of ₹ 13.19 crore for a period of three years ending with financial year 2015-16; 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. 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 (1) Promotion and development of sports training centre for orphan, poor, needy tribal children of SAMPARC project area. (2) Repairs renovations of Bhaje Balgram including fencing. (3) Construction of first floor (4) Supporting counseling centre for poor needy children (5) Enhancing the capacity of staff 1200 residential institutions staff of Maharashtra state (6) Sponsorship assistance for the care of 650 orphan needy children (7) Raising corpus fund for making the organization self-sustain (8) Educational sponsorship for the poor needy rural and destitute 950 children , which is being carried out by Social Action for Manpower Creation (SAMPARC), 9, Varad Apartment, Plot No. 292, S.No. 37-45, Yashwant Nagar, Talegaon Dabhade Station, Pune 410 507 , as an eligible project or scheme for a further period of three years, without any change in the approved cost of ₹ 13.19 crore 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)