Exemption u/s 35AC - Approved various institution as an eligible projects or schemes - S. O. 549(E) - Income Tax

Exemption u/s 35AC - Approved various institution as an eligible projects or schemes NOTIFICATION NO. S. O. 549 ( E ) DATED 2-7-1998 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, hereby approves the institutions specified 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 a deduction under the said section 35AC. TABLE Sl No. Name of the institutions Project or scheme estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Valluvar Gurukulam, 74, G. S. T. Road, Tambaram, Chennai-45. Construction of building for school with all facilities, purchase of equipments/materials at Tambaram, Chennai ; likely to cost ₹ 160 lakhs including a corpus fund of ₹ 37 lakhs. ₹ 123 lakhs plus a corpus fund of ₹ 37 lakhs. 2. Gram Nirman Kelvani, Mandal-Thava, post : Thava, Valia, District-Bharuch, Gujarat. Repair and construction of building, purchase of equipments at Thava, Taluka : Valia, Bharuch District of Gujarat : likely to cost R. 250 lakhs ₹ 250 lakhs. 3. Thakershy Charitable Trust, Behind Jai-Shefali Raw, Houses, Office-Satellite Road, Ambawadi, Ahmedabad-15. Purchase of equipments and development/updating of Hospital at Ambawadi, Ahmedabad Gujarat; likely to cost ₹ 114 lakhs including a corpus fund of ₹ 50 lakhs. ₹ 64 lakhs plus a corpus fund of ₹ 50 lakhs. 4. Shri Navchetan Education Society-Valia, Valia, Bharuch, Gujarat-393 135 Purchase of equipments, furnishing, running and construction of building for Shri Rang Navchetan Mahila College at Valia, District Bharuch of Gujarat : likely to cost ₹ 450 lakhs. ₹ 350 lakhs plus a corpus fund of ₹ 100 lakhs. 5. The Chanasma Nagarik Sahakari Bank Ltd., Medical and Social Development Trust, Near Bus Stand, P. O. Chanasma-384 220, Distt. Patan, Gujarat. Running of General Hospital and Maternity Home at Chanasma, Gujarat ; likely to cost ₹ 1,000 lakhs. ₹ 100 lakhs as corpus fund. 6. Blind Men's Association, Dr. Vikram Sarabhai Road, Vastrapur, Ahmedabad, Gujarat-380 015. Construction of building, Centre for comprehensive rehabilitation, medical and Human Resource Development of Blind and Disabled persons at Bareja, Ahmedabad, Gujarat ; likely to cost ₹ 210 lakhs including a corpus fund of Rs. 50 lakhs. ₹ 160 lakhs plus a corpus fund of ₹ 50 lakhs. 7. Duraisamy Generous Social Education Association, Vilvarayanallur, Pakkam Post, Madurantakam Taluk, Kancheepuram, Tamil Nadu. Construction of building for high school 1 [ at Vilvarayanallur, Madurantakam, Kancheepuram District, Tamilnadu ] ; likely to cost ₹ 18.30 lakhs. ₹ 18.30 lakhs. 8. Shri Gadhsisa Sarvajanik Gram Vikash Mandal, C/o. Karamshi Pancham Patel Gadhsisa, Mandvi Taluk, Kutch-370 445, Gujarat. Construction of primary school building for girls at Gadhsisa Village, Taluka-Mandvi-Kutch, Gujarat ; likely to cost ₹ 21.64 lakhs. ₹ 18.30 lakhs. 9. Rotary Club of Salem Gugai Public Burial Ground (Gugai) Development Trust, 37A, East Street No. 1, Karungalpatti, Salem-636 006, Tamil Nadu. Development of Burial Ground with all facilities at Erumapalayam, Gugai/Salem, Tamil Nadu ; likely to cost ₹ 31.60 lakhs. ₹ 22 lakhs. 10. Shri Apang Abhyudaya Mandal, Sola Gandhinagar Highway, Opp. New High Court-Sola, Ahmedabad. Construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, district Ahmedabad, Gujarat ; likely to cost ₹ 32.47 lakhs. 3 [ ₹ 100.00 lakhs ] 11. Youth for Unity and Voluntary Action (Yuva), 8, Ground Flour, 33L, Mhatre Building, Mugbhat Cross Lane, Girgaum, Mumbai-4. Social Service Centre-cum-training complex at Khar Ghar, Mumbai; likely to cost ₹ 200.19 lakhs. ₹ 200.19 lakhs. 12. Sarva Vidyalaya Kelvani Mandal-Kadi, Sarva Vidyalaya Campus, Kadi-382 715, Distt. Mehsana, Gujarat. Purchase of equipments, furnishing and construction of mini stadium at Kadi, Gujarat ; likely to cost ₹ 117 lakhs. ₹ 117 lakhs. 13. Sankar Foundation, Flat No. 38, D. No. 7-8-23/1(13), Maharaja Towers, Viskhapatnam-530 003. Purchase of equipments and running of hospital projects at Visakhapatnam, Andhra Pradesh ; likely to cost ₹ 104.51 lakhs. 2 [ ₹ 364.55 lakhs ] 14. National Association for the Blind, India, 11, Khan Abdul Gaffar Khan Road, Worli Seaface, Mumbai-400 025. (a) Education of blind children in ordinary school along with sighted children ; (b) NAB Sir J. Duggan Braille Press, NAB Jitendra Mafatlal Mehta Computerised Braille Production Centre ; (c)Prevention of blindness-Glaucoma ; (d) NAB M. P. Shah All India Talking Book Centre ; and (e) Services for Multi-Disabled Blind Children ; at Mumbai, Maharashtra ; likely to cost ₹ 404.35 lakhs including a corpus fund of ₹ 124 lakhs. ₹ 280.35 lakhs plus a corpus fund of ₹ 124 lakhs. 2. This notification shall remain in force for a period of three years in relation to the assessment years 1999-2000, 2000-2001 and 2001-2002 in respect of projects or schemes mentioned in the said table. [No. 10632/F. No. NC-50/98] ******* Notes 1. Substituted vide NOTIFICATION NO. S. O. 223(E) DATED 1-4-1999 before it was read as at Vilvarayanallur, Madurantakam, Guntur, Andhra Pradesh 2. Substituted vide Notification No. 246 of 2002 dated 10-09-2002 before it was read as ₹ 104.51 lakhs. 3. Substituted vide NOTIFICATION No. 291/2006, dated 26-10-2006 before it was read as ₹ 32.47 lakhs