Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Subhag Mahila Utkarsh Trust, Gujarat
Notification No.115/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 485(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 - Subhag Mahila Utkarsh Trust, Gujarat.
The notification extends the eligible project "Recurring cost of short stay home and help line for distressed and destitute women, vocational training for unemployed women" of Subhag Mahila Utkarsh Trust, Plot No. 2234-F, Fulwadi, Hill Drive, Bhavnagar 364 002, Gujarat, notified at serial number 1 of S.O. 1370(E) dated 14 June 2011 at an estimated cost of Rs. 2.58 crore including a corpus fund of Rs. 25 lakh for three years ending with financial year 2013-14. It is notified for a further period of three years commencing with financial year 2014-15, that is 2014-15, 2015-16 and 2016-17, without any change in the approved cost.
The project was likely to extend beyond three years and the National Committee for Promotion of Social and Economic Welfare, satisfied that it was being executed properly, recommended a further extension under sub-rule (5) of the relevant rule of the Income-tax Rules, 1962.
| Under the 1961 Act | Now |
|---|---|
| s.35AC | no counterpart recorded |
SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES - SUBHAG MAHILA UTKARSH TRUST, GUJARAT
NOTIFICATION NO.115/2015 [F.NO.V.27015/4/2014-SO(NAT.COM)]/SO 485(E), DATED 11-2-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1370(E) dated 14th June, 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 1, "Recurring cost of short stay home and help line for distressed and destitute women, vocational training for unemployed women" by "Subhag Mahila Utkarsh Trust, Plot No.2234-F, Fulwadi, Hill Drive, Bhavnagar 364 002 -Gujarat", as an eligible project or scheme, at the estimated cost of Rs. 2.58 crore including a corpus fund of Rs. 25 lakh, for a period of three years ending with financial year 2013-14;
And whereas the said project or scheme is likely to extend beyond 3 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 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 "Recurring cost of short stay home and help line for distressed and destitute women, vocational training for unemployed women" being carried out by "Subhag Mahila Utkarsh Trust, Plot No.2234-F, Fulwadi, Hill Drive, Bhavnagar 364 002 -Gujarat", without any change in the approved cost of Rs. 2.58 crore including a corpus fund of Rs. 25 lakh, for a further period of three years commencing with financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17.
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financial year 2014-15.
In a donor's return claiming deduction under section 35AC and in the certificate issued by the Trust for the year of payment.
← Notification No.116/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 486(E) · Notification No.114/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 484(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.