Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: form 3cd :: VAT Audit :: due date for vat payment
 
 
Latest Circulars »
 Payment Systems - Next Orbit (Shri R. Gandhi, Deputy Governor - February 20, 2017 - at the launch of Bharat QR Code at Hotel Trident, Mumbai)
 Financing MSMEs: Banks & FinTechs – Competition, Collaboration or Competitive Collaboration? (Shri S. S. Mundra, Deputy Governor – February 20, 2017 – at the NAMCABS Seminar organized by College of Agricultural Banking in Mumbai)
 Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
 RBI-Formation of twenty one new districts in the State of Telangana - Assignment of Lead Bank Responsibility
 RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
 Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List–M/s HDFC Bank Ltd.
 Reserve Bank of India seeks Comments on Draft Circular on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
 Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
 RBI-Foreign Investments in India
  RBI cancels the Licence of the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra
  Finance Minister meets the Directors of the RBI Central Board

NOTIFICATION NO. 38/2007, DATED 15-2-2007
February, 15th 2007

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), Number S.O.469(E), dated the 2nd July, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial Number 14, for (a) Medical Camp in rural areas; (b) Creation of employment for rural population for Leprosy affected and Leprosy cured; (c) Educational help to kids of Leprosy affected families; (d) Deformity care of leprosy patients-free aids and appliances; (e) Health Education for removal of social stigma from society and diagnose of leprosy patients at an early stage; in whole of Gujarat, by Gujarat Raktapitt Nivaran Seva Sangh, Junigadhi, Near Municipal Quarters, Mill Road, Yakutpura, Vadodara-390006 (Gujarat) as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 which was extended further vide notification number S.O.744(E), dated the 10th September, 1999 for a period of three years beginning with assessment year 2000-01 and which was extended further vide notification Number S.O.610(E), dated the 7th June, 2002 for a period of three years beginning with assessment year 2003-04;

AND WHEREAS the said project or scheme is likely to extend beyond nine 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 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 two years and enhancing the project cost from Rs. 26.97 lakhs to Rs. 40.00 lakhs;

NOW, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby-

(a) specifies the scheme or project for (a) Medical Camp in rural areas; (b) Creation of employment for rural population for Leprosy affected and Leprosy cured; (c) Educational help to kids of Leprosy affected families; (d) Deformity care of leprosy patients-free aids and appliances; (e) Health Education for removal of social stigma from society and diagnose of leprosy patients at an early stage; in whole of Gujarat, which is being carried out by Gujarat Raktapitt Nivaran Seva Sangh, Junigadhi, Near Municipal Quarters, Mill Road, Yakutpura, Vadodara-390006 (Gujarat) as an eligible project or scheme for a further period of two years commencing from the financial year 2006-07 as the financial year 2005-06 is already over and no donation can be collected for that financial year; and

(b) further amends the said notification number S.O.469(E), dated the 2nd July, 1996, to the following effect, namely :-

In the said notification, in the Table against serial Number 14, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC, for the letters, figures and word "Rs. 26.97 lakhs", the letters, figures and word "Rs. 40.00 lakhs" shall be substituted.

                                                                                           [F. No. NC-274/04/2006]

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions