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 »
  RBI-Setting up of IFSC Banking Units (IBUs) – Permissible activities
 RBI-Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR) – Final Guidelines
 RBI imposes penalty on The United Co-operative Bank Ltd., Bagnan Station Road(North), PO- Bagnan, Dist- Howrah, West Bengal
 Auction for Sale (Re-issue) of Government Stock (GS) May 14, 2018
 Auction of Government of India Dated Securities May 14, 2018
 RBI declines to share copies of inspection reports
  RBI - Auction of State Government Securities
 Revised guidelines on lending to Priority Sector for Primary (Urban) Co-operative Banks (UCBs)
 RBI to conduct 7-day Variable Rate Reverse Repo Auction under LAF on May 10, 2018
  Monitoring of foreign investment limits in listed Indian companies
 Auction for Sale (Re-issue) of Government Stock (GS) May 7, 2018

INCOME-TAX ACT - Notification No. 66/2009
July, 15th 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. 66/2009 [F.No. NC-274/10/2009]/S.O. 1258(E), Dated 18-5-2009

Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 676(E), dated the 11th August, 1998, 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 8, Construction of a school building and running of SOS Childrens Village at Tambaram East, Chennai, Tamilnadu by SOS Children Villages of India-Chatnath Homes, 7, Raja Krishna Road, Teynampet, Chennai - 600018, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S.O. 568(E), dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-2003, which was extended further vide notification number S.O.793(E) dated the 5th July, 2004 for a period of three years beginning with financial year 2004-2005 and which was extended further vide notification number S.O. 246(E), dated the 15th February, 2007 for a period of three years beginning with financial year 2006-2007;

And whereas by notification number S.O. 246(E), dated the 15th February, 2007 the estimated cost was enhanced from Rs. 60.00 lakh to Rs. 105.00 lakh;

And whereas the said project or scheme is likely to extend beyond twelve 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 and amending the project cost from Rs. 105.00 lakh to Rs. 150.00 lakh;

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),

(a) hereby notifies the scheme or project Construction of a school building and running of SOS Childrens Village at Tambaram East, Chennai, Tamilnadu, being carried out by SOS Children Villages of India-Chatnath Homes, 7, Raja Krishna Road, Teynampet, Chennai - 600018, for a period of three more years beginning with financial year 2009-2010 i.e. 2009-2010, 2010-2011 & 2011-2012.

(b) further amends the said notification number S.O. 676(E), dated the 11th August, 1998, to the following effect, namely:-

In the said notification, in the Table,against serial number 8, in column (4), relating to maximum cost for which allowed, for the letters, figures and word Rs.105.00 lakh the letters, figures and word Rs.150.00 lakh shall be substituted.

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