Amendment in the Income-Tax rules,1962 u/s 295 - 10654 - Income Tax

Amendment in the Income-Tax rules,1962 u/s 295 NOTIFICATION NO. 10654 DATED 30-7-1998 In exercise of the powers conferred by section 295 of the Income-tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-Tax rules,1962,namely:- 1.(1) These rules may be called the Income-tax (Tenth Amendment) Rules,1998. (2) They shall come into force on the date of their publication in the Official Gazette. 2.In PartII of the Income-tax Rules,1962,in sub part F,in rule 11K in clause( i ),after item( h ),the following items shall be inserted,namely: "( i ) establishment and running of educational institutions in rural areas,exclusively for women and children upto 12 years of age; ( j ) establishment and running of hospitals and medical facilities in rural areas,exclusively for women and children upto 12 years of age; ( k ) establishment and running of creches and schools for childrenof workers employed in factories or at building sites; ( l ) encouraging the production of bacteria induced fertilisers; ( m ) any programme that promotes road safety,prevention of accidents and traffic awareness".