Home Notifications 2013 Income Tax Income Tax - 2013 Section 035AC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Notification u/s 35AC - Notifies the scheme or project for "Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps" which is being carried out by "Helpage India, C-14. Qutab Institutional Area, New Delhi-l10 016" - 28/2013 - S.O. 3146(E) - Income TaxExtract NOTIFICATION NO. 28/2013 DATED 17-10-2013 S.O. 3146(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), S.O.602(E), dated the 12th August, 1993 , issued under 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 had specified at serial number 12, for "Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps" by "Helpage India, C-14, Qutab Institutional Area, New Delhi-110 016" as an eligible project or scheme for a period of two years beginning with assessment year 1994-95 at the estimated cost of Rs. 12.95 lakh which was extended further vide notification number S.O. 405(E), dated the 3rd May 1995 for a period of three years beginning with assessment year 1996-97; which was extended further vide notification number S.O.220(E), dated the 16th March, 1998 for a period of three years beginning with assessment year 1999-2000; which was extended further vide notification number S.O.553(E), dated the 20th June, 2001 for a period of three year beginning with assessment year 2002-03; which was extended further vide notification number S.O.82(E), dated the 24th January, 2005 for a period of three years beginning with financial year 2004-05; which was further extended vide notification number S.O.482(E), dated 29th March, 2007 for a period of three years beginning with Financial Year 2007-08; which was further extended vide notification number S.O. 646(E), dated 22-3-2010 for a period of three more years commencing with financial year 2010-11 i.e., 2010-11, 2011-12 2012-13. And whereas vide notification number S.O.17(E), dated the 11th January, 1994 the estimated cost was enhanced from Rs. 12.95 lakh to Rs. 1295 lakh, vide notification number S.O. 510(E), dated the 26th May, 2000 estimated cost was enhanced from Rs. 1295 lakh to Rs. 2000 lakh and vide notification number S.O. 1046(E), dated the 18th October, 2001 the estimated cost was enhanced from Rs. 2000 lakh to Rs. 4000 lakh and vide notification number S.O. 82(E), dated the 24th January, 2005 the estimated cost was enhanced from Rs. 4000 lakh to Rs. 6500 lakh; and vide notification number S.O. 2199(E), dated 12th December, 2007 the estimated cost was enhanced from Rs. 65 crore to Rs. 95 crore; vide notification number S.O. 2616(E), dated 14th October, 2009 the cost was enhanced from 95 crore to Rs. 120 crore; vide notification number S.O. 880(E), dated 27th April, 2011 , the cost was enhanced from Rs. 120 crore to Rs. 170 crore. And whereas the said project or scheme is likely to extend beyond twenty 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 and also enhancement in the project cost; 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 for "Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps" which is being carried out by "Helpage India, C-14. Qutab Institutional Area, New Delhi-l10 016", as an eligible project or scheme, for a further period of three years beginning with financial year 2013-14, i.e., 2013-14, 2014-15 2015-16. (b) further amends the said notification number S.O. 602(E), dated 12th August, 1993 , to the following effect, namely ;- In the said notification, in the Table against serial number 12 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words "Rs. 170 crore", the letters, figures and words "Rs.270 crore" shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]
|