Exemption u/s 35AC - Central Govt. had specified various institutions as an eligible project or scheme - 129/2004 - Income Tax

Exemption u/s 35AC - Central Govt. had specified various institutions as an eligible project or scheme Notification No. 129 of 2004, dt. 2nd Apr., 2004 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), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby approves the institutions mentioned in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (3) of the said Table and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said provisions of Income tax Act, 1961, namely: - TABLE Serial Number Name of the Institution Project or scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under Section 35AC (1) (2) (3) (4) 1. Bargain Kala Parishad, 11, Rampura, Nathdwara, District Rajsamand, Rajasthan. Construction of the old age Home. ₹ 50.37 lakhs for financial years 2004-05, 2005-06 and 2006-07 i.e. for three years only. 2. Manovikas Special School for Mentally handicapped, Pallisserikkal PO Sasthamcotta Kollam Kerala-690521. (a) Bio-diversity conservation of Sasthamcotta Fresh water lake; (b) Manovikas special school for mentally handicapped (c) Manovikas village for the disabled (d) Community based Rehabilitation of mentally handicapped ₹ 18 million for Financial Years 2004-05 2005-06 and 2006-07 i.e for three years only. 3. GB Trust, 46. CMR Road. Madurai - 625009 (Tamil Nadu) Construction of Hospital building. ₹ 165.5 crores for Financial Years 2004-05, 2005-06 and 2006-07 i.e; for three years only subject to the condition that (a) the Trust should display public notices In prominent places that the benefits provided to persons from economically weaker sections of the society are free of cost (b) Maintain complete records of beneficiaries with their names and addresses, (c) the institution would file a report from the Chartered Accountant alongwith return of income of each assessment year certifying that the existing records of the Institution adequately demonstrate that Fifty percent or more of the total beneficiaries came from the economically weaker sections of society and that full benefits were rendered to them free of cost. 4. Sharaf Foundation, Adie Mansion , 334 Maulana Shaukatali Road , Mumbal-400 007 Renovation and reconstruction of existing property to be used as orphanage cum primary school, purchase of furniture and fixtures, vehicles and running of the project. ₹ 425.00 lakhs including a corpus fund of ₹ 100.00 lakhs for Financial Years 2004-05, 2005-06 and 2006-07 1-e; for three years only. 5. Arya Samaj Gandhidham Charitable Trust, Arya Samaj, Maharashi Dayanand Marg, Near Zanda Chowk, Ghandidham Kutch, Gujarat-370201. Construction of an orphanage cum widow Home for earthquake affected persons ₹ 1.5 crores for Financial Years 2004-05, 2005-06 I.e; for two years only. 6. Church of South India Arogyavaram Medical Centre, Arogyavaram, Chittor District Andhra Pradesh. Construction of hospital building ₹ 10.00 crores for Financial Year 2004-05, 2005-06 and 2006-07 i.e; for three years onlywith the conditions that (a) the Trust should display public notices in prominent places that the benefits provided to persons from economically weaker sections of the society are free of cost (b) Maintain complete records of beneficiaries with their names and addresses. (c) the institution would file a report from the Chartered Accountant alongwith return of Income of each assessment year certifying that the existing records of the Institution adequately demonstrate that Fifty percent or more of the total beneficiaries came from the economically weaker sections of society and that full benefits were rendered to them free of cost. 7. Society of friends of Sassoon Hospital , Room No. 87, Sassoon General Hospitals, Pune- 411001. Construction of home for mentally and physically challenged children and running of the project. ₹ 3.00 crores including a corpus fund of ₹ 2 crores for Financial Years 2004-05, 2005-06 and 2006-07 i.e; for three years only 8. SNS Foundation, 1, Sri Aurobindo Marg, New Delhi- 110016. Welfare programmes in the field of Health, education, environment etc. ₹ 810.00 lakhs for Financial Years 2004-05, 2005-06 and 2006-07 i.e; for three years only. 9. Dean Foundation. Old No. 73/New No. 59, Second street, Aspiron Garden Colony, Kalpauk, Chennal-600 010. (a) Hospic out patients and Home based programme (already running) (b) Mobile Hospice Rural outreach Programme (c) Home based and rural outreach community Integrated Hospice programme for AIDS ₹ 3 crores 43 lakhs for Financial Yeas 2004-05. 2005-06 and 2006-07 i.e; for three years only. 10. Gramin Vikas Trust, 49-50, Red Cross House, Nehru Place, New Delhi-110019 (a) Western India Rain fed farming Project (b) Eastern India Rain fed farming project 3 [ ₹ 29 crore including a corpus fund of ₹ 10.5 crore ] for Financial Years 2003-04. 2004-05 and 2005-06 I.e; for three years only 11. Rawal Mallinathji, Foundation, 138, Sunder Nagar, New Delhi-110003. Mid day meals to school going children. ₹ 1513.20 lakhs for Financial Years 2004-05, 2005-06 and 2006-07 i.e. for three years only. 2. This notification shall remain in force for a period of three years in relation to financial years 2004-2005, 2005-2006 and 2006-2007 in respect of projects or schemes mentioned at serial numbers 1,2,3,4, 6,7,8,9 and 11 of the said Table and for a period of two years in relation to financial years 2004-05 and 2005-2006 in respect of project or scheme mentioned at serial number 5 and for a period of three years in relation to financial years 2003-2004, 2004-05 and 2005-06 in respect of project or scheme mentioned at serial number 10. Sd/- (Sunil Sharma) Deputy Secretary (National Committee) F.No.NC-69/2004 ********* Notes 1. Substituted vide Notification No. S.O. 1469(E) [F.No. NC-274/09/2008] dated 17-06-2008 before it was read as ₹ 9.60 crores (including a corpus fund of ₹ 5 crores) 2. Substituted vide Notification No.16/2012 dated 16/03/2012 before it was read as 1 [16.00 crore] 3. Substituted vide Notification No. 07/2015 dated 6-1-2015 before it was read as 2 [ 29 crore including a corpus fund of ₹ 8 crore ]