Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Sankar Foundation, Visakhapatnam
Notification No.138/2015 [F.No.V.27015/1/2015-SO(NAT.COM)] / SO 1484(E) was published on 4 June 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 - Sankar Foundation, Visakhapatnam.
The notification extends the eligible project "Running of Eye Hospital Projects, purchase of Equipment and Building Maintenance etc." of Sankar Foundation, 19-50, Sri Sai Madhava Nagar, Naidu Thota, Vepagunta, Visakhapatnam-530047, notified at serial number 13 of S.O. 2366(E) dated 4 October 2012 at an estimated cost of Rs. 3770.60 lakh for three years ending with financial year 2014-15. It is notified for a further period of three years commencing with financial year 2015-16, that is 2015-16, 2016-17 and 2017-18, without any change in the approved cost of Rs. 3770.60 lakh.
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 period under sub-rule (5) of rule 11M 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 - SANKAR FOUNDATION, VISAKHAPATNAM
NOTIFICATION NO.138/2015 [F.NO.V.27015/1/2015-SO(NAT.COM)]/SO 1484(E), DATED 4-6-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2366(E), dated 4.10.2012 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 13, "Running of Eye Hospital Projects, purchase of Equipment and Building Maintenance etc." by "Sankar Foundtion, 19-50, Sri Sai Madhava Nagar, Naidu Thota, Vepagunta, Visakhapatnam-530047", as an eligible project or scheme, at the estimated cost of Rs. 3770.60 lakh for a period of three years ending with financial year 2014-15;
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 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 "Running of Eye Hospital Projects, purchase of Equipment and Building Maintenance etc.", which is being carried out by "Sankar Foundtion, 19-50, Sri Sai Madhava Nagar, Naidu Thota, Vepagunta, Visakhapatnam-530047", without any change in the approved cost of Rs. 3770.60 lakh, for a further period of three years commencing with financial years 2015-16 i.e 2015-16, 2016-17 & 2017-18.
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| Rule of the 1962 Rules | Now, in the 2026 Rules |
|---|---|
| Rule 11M | no counterpart recorded |
financial year 2015-16.
In a donor's return claiming deduction under section 35AC and in the certificate issued by the Foundation for the year of payment.
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.140/2015 [F.No.V.27015/1/2015-SO(NAT.COM)] / SO 1486(E) · Notification No.137/2015 [F.No.V.27015/1/2015-SO(NAT.COM)] / SO 1483(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.