Exemption u/s 35AC - notified at serial number 16, "Building a general corpus fund for Helpage India's work" by Helpage India, C-14, Qutab Institutional Area, New Delhi, as an eligible project or scheme - 86/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 16, "Building a general corpus fund for Helpage India 's work" by Helpage India , C-14, Qutab Institutional Area, New Delhi , as an eligible project or scheme NOTIFICATION New Delhi , the 6th August, 2009 S.O. 2048(E).- Whereas by notification of the Government of India in the Ministry or Finance (Department of Revenue) number S.O.998(E) dated the 5th July 2006, 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, "Building a general corpus fund for Helpage India's work" by Helpage India, C-14, Qutab Institutional Area, New Delhi - 110016, as an eligible project or scheme for a period of three years beginning with financial year 2006-2007; 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) , hereby notifies the scheme or project "Building a general corpus fund for Helpage India's work" being carried out by Helpage India, C-14, Qutab Institutional Area, New Delhi - 110016, without any change in the approved cost of Rs.20.00 crore as corpus fund, as an eligible project or scheme for a further period of three years beginning with financial year 2009-2010 i.e. 2009-2010, 2010-2011 and 2011-2012. [No. 86/2009/F. No. NC-274/12/2009] NAVEEN CHANDRA, Director (National Committee)