Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: VAT Audit
 
 
« Latest Circulars »
 RBI-Auction of State Government Securities Feb 15, 2018
 RBI new bad loan rules may improve prospects of loan recovery
 RBI-Resolution of Stressed Assets – Revised Framework
 RBI-Monthly Bulletin for February 2018
 Addendum to the Report of the Internal Study Group to Review the Working of the Marginal Cost of Funds Based Lending Rate System: Some Reflections on the Feedback Received
 Levy of Penal Interest – Delayed Reporting (Corrected)
 Report of the Inter-Regulatory Working Group on FinTech and Digital Banking
 16th Round of Quarterly Services and Infrastructure Outlook Survey (SIOS) – Q4:2017-18
 Relief for MSME Borrowers registered under Goods and Services Tax (GST)
 RBI-Receiving the Resolution of the Monetary Policy Committee of the Reserve Bank of India under the Sixth Bi –monthly Monetary Policy Statement for the year 2017-18
 Auction of Government of India Dated Securities February 05, 2018

INCOME-TAX ACT - Notification No. 59/2009
June, 16th 2009

NOTIFICATION

INCOME-TAX ACT

Section 35AC, sub-section (1) read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Notified eligible projects or schemes

Notification No. 59/2009 [F.No. NC-274/10/2009]/S.O. 1251(E), dated 18-5-2009

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 740(E), dated the 24th October, 1994, 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 10, Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan by Bhagwan Mahaveer Cancer Hospital & Research Centre, Journal House, A-95, Janta Colony, Jaipur, Rajasthan-302004, as an eligible project or scheme for a period of two years beginning with assessment year 1995-1996 which was extended further vide notification number S.O. 235(E), dated the 21st March, 1996 for a period of two years beginning with assessment year 1997-1998 which was extended further vide notification number S.O. 210(E), dated the 16th March, 1998 for a period of two years beginning with assessment year 1999-2000 which was extended further vide notification number S.O. 867(E), dated the 21st September, 2000 for a period of two years beginning with assessment year 2001-2002 which was extended further vide notification number S.O. 1123(E), dated the 24th October, 2002 for a period of two years beginning with assessment year 2003-2004, which was extended further vide notification number S.O. 895(E), dated the 5th August, 2003 for a period of three years beginning with assessment year 2003-2004 and which was extended further vide notification number S.O. 1420(E), dated the 4th September, 2006 for a period of two years beginning with financial year 2006-2007;

And whereas by notification number S.O. 867(E), dated the 21st September, 2000 the estimated cost was enhanced from Rs. 1380.00 lakhs to Rs. 1726.00 lakhs and which was further enhanced vide notification No. S.O. 895(E), dated 5th August, 2003 from Rs. 1726.00 lakhs to Rs. 2676.00 lakhs;

And whereas the said project or scheme is likely to extend beyond fifteen 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;

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 Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan being carried out by Bhagwan Mahaveer Cancer Hospital & Research Centre, Journal House, A-95, Janta Colony, Jaipur, Rajasthan-302004, without any change in the approved cost of Rs. 2676.00 lakhs, as an eligible project or scheme for a further period of two years beginning with financial year 2008-2009 i.e. 2008-2009 and 2009-2010. However, since the financial year 2008-2009 has already elapsed, the approval shall not be valid for financial year 2008-2009 in respect of funds collected during this financial year and no certificate for exemption of donation under section 35AC(1) of the IT Act, 1961 shall be issued for financial year 2008-2009.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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