Notification Under Section 35AC in respect of Helpage India, C-14, Qutab Institutional Area, New Delhi. - 38/2011 - Income Tax

Notification Under Section 35AC in respect of Helpage India, C-14, Qutab Institutional Area, New Delhi. NOTIFICATION New Delhi, the 27 th April, 2011 S.O.879(E).- WHEREAS by Notification of the Government of India in the Ministry of 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 2006-07 and which was extended further vide Notification number S.O. 2048(E) dated the 25th June, 2009 for a period of three years beginning with financial year 2009-10; 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 enhancing the project cost from Rs. 20 crore as corpus fund to Rs. 30 crore as corpus fund; 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" which is being carried out by Helpage India, C-14, Qutab Institutional Area, New Delhi-110016; ( b ) further amends the said Notification number S.O. 998(E), dated the 5th July, 2006, to the following effect, namely :- In the said Notification, in the Table against serial number 16, in column (4) maximum amount of cost to be allowed as deduction under section 35AC of Income-tax Act, 1961 , for the letters, figures and words "Rs. 20 crore as corpus fund", the letters, figures and word "Rs. 30 crore as corpus fund" shall be substituted. [No.38/2011/F.No. V-27015/1/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)