Exemption u/section 35AC Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Notified eligible projects or schemes - S.O. 1462(E) - Income Tax

Exemption u/section 35AC of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Notified eligible projects or schemes Notification No. S.O. 1462(E) [F.No. NC-274/09/2008] Dated 17-6-2008 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 notifies the institutions approved by the said National Committee, mentioned in column (2) of the Table below, and approves the eligible projects or schemes specified to be carried on by the said institutions and the estimated cost thereof as mentioned in column (3) of the said Table, and also specifies in the column (4) of the Table the maximum amount of such cost which may be allowed as deduction under the said section 35AC for the period of approval, namely:- TABLE Sl. No. 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. Lupin Human Welfare Research Foundation, 159, C.S.T. Road, Kalina, Santacruz (East), Mumbai - 400 098 Integrated Rural Development Programme. [Cost Rs. 15.00 crore] 4 [ Rs. 125 crore ] cumulatively for financial years 2008-09, 2009-10 and 2010-11. 2. Nalanda Educational Society, Eden Garden High School, Health Club Road, Mogal Kuan, Biharsharif-803101, Nalanda, Bihar. Integrated program for street children (Welfare and Rehabilitation). [Cost Rs. 11.60 crore. for project I and Rs. 5.61 crore plus a corpus fund of Rs. 70.00 lakh for project II] Rs. 5.61 crore plus a corpus fund of Rs. 70.00 lakh for project-II regard- ing welfare and rehabilitation of street children cumulatively for financial years 2008-09 and 2009-10. 3. Mangal Jeevan Trust, At PO Sedrana, District Patan (North Gujarat), Post Box No. 16, Ahmedabad- 227 527. Providing home for old aged persons and lonely children. [Cost Rs. 2.70 crore including a corpus fund of Rs. 40 lakh] Rs. 2.70 crore including a corpus fund of Rs. 40.00 lakh cumulatively for financial years 2008-09, 2009-10 2010-11. 4. Prema Kumari Karunalayam, Dwaraka, Piracode, Povankuzhi, Chengavilai, Addaikakukuzhi Post, K.K. District-629 153, Tamil Nadu. Dwaraka Mission for rural poor (Expansion of old age home and Vocational Training Centre for economical weaker section which are already running.) [Cost Rs. 395.76 lakhs] Rs. 395.76 lakh cumulatively for financial years 2008-09, 2009-10 2010- 11. 5. Shree Ramakrishna Shanti Ashram, 3/345, Vivekananda Path, Hazaribag- 825 310 Jharkhand. Shree Ramakrishna Sewa Kendra (charitable hospital). [Cost Rs. 4.85 crore] Rs. 4.85 crore cumulatively for financial years 2008- 09, 2009-10 2010-11. 6. 2 [ The Society for the Welfare of the Differently Abled Persons (Physically Handicapped) Education and Research Centre, Wanwadi Pune - 411040 ] Girls hostel and training centre for handicapped children. [Cost Rs-5.16 crore] Rs. 5.16 crore cumulatively for financial years 2008-09, 2009-10 2010-11. 7. 1 [ Ramakrishna Mission Ashrama, P.O. Hatamuniguda, Tahsil Bissam-Cuttak, District Rayagada-765020 ] Ramakrishna Mission Institute (A rural development project). [Cost Rs. 16.11 crore] Rs. 16.11 crore cumulatively for financial years 2008-09, 2009-10 2010-11. 8. Iskcon Food Relief Foundation, Hare Krishna Land, Juhu. Mumbai-400 049. Mid day meal project for District Faridabad, Haryana. [Cost Rs. 10.82 crore] 3 [ Rs. 2434.12 lakh ] for financial years 2008-09 and 2009- 10. As the financial year 2007-08 had already elapsed, the project cost was reduced accordingly. 9. Nandlal Mulji Bhuta Medical Foundation, Station Road, Sihor-364 240, Gujarat. Hospital maintenance project. [Cost Rs. 2.89 crore] Rs. 2.89 crore cumulatively for financial years 2008-09, 2009-10 2010-11. 10. Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai-400 049. Mid day meal project Uttar Pradesh. [Cost Rs. 9.03 crore] Rs. 712.65 lakhs cumulatively for financial years 2008-09 and 2009-10. As the financial year 2007-08 had already elapsed the project cost was reduced accordingly. 2. This notification shall remain in force for a period of two years in relation to financial years 2008-09 and 2009-10 in respect of project or scheme mentioned at serial numbers 2, 8 and 10 and for a period of three years in relation to financial years 2008-09, 2009-10 and 2010-11 in respect of projects or schemes mentioned at serial numbers 1, 3, 4, 5, 6, 7 and 9 of the said Table. ******** Notes 1. Substituted vide Notification No. S.O. 2717(E) dated 28-10-2009 before it was read as Ramakrishna Mission Ashrama, Chandan Hajuri Road, Puri-752 001, Orissa 2. Substituted vide Notification No. S.O. 2908(E) dated 17-11-2009 before it was read as The Society for the Welfare of the Physically Handicapped (Research Centre), Wanwadi, Pune-411 040 3. Substituted vide NOTIFICATION NO. 16/2013 DATED 17-10-2013 before it was read as Rs. 853.9 lakh 4. Substituted vide NOTIFICATION NO. 97/2015 DATED 11-2-2015 Earlier substituted vide NOTIFICATION NO. 129/2013 DATED 27-12-2013