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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: VAT Audit :: form 3cd :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Latest Circulars »
 RBI Working Paper Series No. 5/2017: Comparison of Consumer and Wholesale Prices Indices in India: An Analysis of Properties and Sources of Divergence
 All Agency Banks and select offices of RBI to remain open on all days from March 25, 2017 to April 1, 2017
 RBI-Sources of Variation in Foreign Exchange Reserves in India during April-December 2016
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2016-17
 RBI signs Memorandum of Understanding(MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Bank of Thailand
 RBI-Meeting Schedule of the Monetary Policy Committee for 2017-18
 RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017
 Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies
 Master Directions on Issuance and Operation of Prepaid Payment Instruments in India
 RBI seeks comments on draft circular on Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India
  Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)

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