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
Latest Expert Exchange
Latest Circulars »
 Investment reviving, growth to speed up in FY19
 Master Direction - Know Your Customer (KYC) Direction, 2016
 Minutes of the Monetary Policy Committee Meeting April 4-5, 2018
 RBI launches Quarterly Order Books, Inventories and Capacity Utilisation Survey: January-March 2018 (Round 41)
 It is not Business as Usual for Lenders and Borrowers (N. S. Vishwanathan, Deputy Governor, Reserve Bank of India – April 18, 2018 – Speech Delivered at National Institute of Bank Management, Pune on Fourteenth Convocation)
 RBI clarifies that there is no currency shortage
 Auction for Sale (Re-issue) of Government Stock (GS) April 16, 2018
 RBI-Auction of Government of India Dated Securities April 16, 2018
 Sovereign Gold Bond Scheme 2018 -19-Series-I
 RBI-Sovereign Gold Bond Scheme 2018-19 Series-I, Operational Guidelines
  RBI-Interest rates for Small Savings Schemes

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