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INCOME-TAX ACT - Notification No. 65/2009
July, 08th 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. 65/2009 [F.No. NC-274/10/2009]/S.O. 1257(E), Dated 18-5-2009

Whereas by notification of the Government of India, in the Ministry of Finance, (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, issued under sub-section (1) read with 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 6, Shree Pragna Chakshu Mahila Seva Kunj - Vocation training centre; Computer training centre; Hair and Skin care; Home Science college; Dining Hall; Prayer Hall; School for blind girl; Hostel building. by Shree Pragnachakshu Mahila Seva Kunj, Nirmal Nagar Society, Dal Mill Road, Surendranagar - 363001, Gujarat, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006;

And whereas the said project or scheme is likely to extend beyond three 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 extending 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 Shree Pragna Chakshu Mahila Seva Kunj - Vocation training centre; Computer training centre; Hair and Skin care; Home Science college; Dining Hall; Prayer Hall; School for blind girl; Hostel building being carried out by Shree Pragnachakshu Mahila Seva Kunj, Nirmal Nagar Society, Dal Mill Road, Surendranagar - 363001, Gujarat, without any change in the approved cost of Rs. 2.70 crore including a corpus fund of Rs.1.50 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2008-2009 i.e. 2008-2009, 2009-2010 & 2010-2011. 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.

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