Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Bharat LOK Shiksha Parishad, Delhi
Notification No.114/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 484(E) was published on 11 February 2015. Its subject is Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Bharat LOK Shiksha Parishad, Delhi.
Acting under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government amends its notification S.O. 2835(E) dated 19 December 2011. In the Table to that notification, in column (4) - the maximum amount of cost to be allowed as deduction under section 35AC - the figure "Rs. 3024 lakh" is substituted by "Rs. 4524 lakh". The project is "Running of 3150 One Teacher Schools" by Bharat Lok Shiksha Parishad, A-131/3, Group Industrial Area, Wazirpur, Delhi 110052, notified at serial number 19 of that notification. Only the cost ceiling changes; the period already extended to financial year 2016-17 by S.O. 1926(E) dated 31 July 2014 is untouched.
The project cost was likely to rise from Rs. 3024 lakh to Rs. 4524 lakh, and the National Committee for Promotion of Social and Economic Welfare, satisfied that the project was being executed properly, recommended the enhancement under sub-rule (5) of rule 11M of the Income-tax Rules, 1962.
SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES - BHARAT LOK SHIKSHA PARISHAD, DELHI
NOTIFICATION NO.114/2015 [F.NO.V.27015/4/2014-SO(NAT.COM)]/SO 484(E), DATED 11-2-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.2835(E) dated 19.12.2011 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 19, "Running of 3150 One Teacher Schools" by "Bharat Lok Shiksha Parishad, A-131/3, Group Industrial Area, Wazirpur, Delhi 110052", as an eligible project or scheme, at the estimated cost of Rs.1554.88 lakh for a period of three years ending with financial year 2013-14 and which was further extended vide notification number S.O.1926(E) dated 31.7.2014 for a period of three years ending with financial year 2016-17;
And whereas by notification number S.O. 1926(E) dated 31.7.2014 the estimated cost was enhanced from Rs.1554.88 lakh to Rs.3024.00 lakh';
And whereas the project cost is likely to enhance from Rs.3024 lakh to Rs.4524 lakh;
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 enhancing the project cost from Rs .3024 lakh to Rs.4524 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), hereby amends the said notification number S.O.2835(E) dated 19.12.2011, to the following effect, namely:-
'In the said notification, in the Table against serial number (3), in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC, for the letters, figures and words "Rs.3024 lakh", the letters, figures and words "Rs. 4524 lakh" shall be-substituted'.
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| Rule of the 1962 Rules | Now, in the 2026 Rules |
|---|---|
| Rule 11M | no counterpart recorded |
In a donor's return claiming deduction under section 35AC, where the aggregate claimed against the project is tested against the notified ceiling.
If donations of Rs. 3000 lakh had already been certified against the project, a further donation of Rs. 500 lakh would have been outside the earlier ceiling of Rs. 3024 lakh; after the substitution the project may be certified up to Rs. 4524 lakh and the further donation falls within it.
Rules it names. Rule 11M of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.
← Notification No.115/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 485(E) · Notification No.113/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 483(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.