Case law › Notifications › 2015 › Notification No.199/2015 [F.No.V.27015/2/2015-SO (NAT.COM)] / SO 1986(E)

Notification 20 July 2015

Notification No.199/2015 [F.No.V.27015/2/2015-SO (NAT.COM)] / SO 1986(E)

Section 35AC of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Vatsalya Trust, Mumbai

What this is

Notification No.199/2015 [F.No.V.27015/2/2015-SO (NAT.COM)] / SO 1986(E) was published on 20 July 2015. Its subject is Section 35AC of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Vatsalya Trust, Mumbai.

What it does

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. 1586(E) dated 11 November 2005. In the Table to that notification, against serial number 9, in column (4) - the maximum to be allowed as deduction under section 35AC - the figure "Rs. 1.92 crore" is substituted by "Rs. 5.00 crore". The project comprises the orphanage, Balika Ashrama, old age home and child parents guidance centres of Vatsalya Trust, C-2/32, Shree Vijay Kunj Society, Kanjur Marg (East), Mumbai 400042. Only the approved cost is altered; the period already extended to financial year 2016-17 by S.O. 1971(E) dated 31 July 2014 is untouched.

Why it was issued

The project cost was likely to rise from Rs. 1.92 crore to Rs. 5.00 crore, and the National Committee for Promotion of Social and Economic Welfare, satisfied that the project was being executed properly, recommended amending the cost for the approved period up to financial year 2016-17 under sub-rule (5) of rule 11M of the Income-tax Rules, 1962.

Who it reaches

Vatsalya Trust, Mumbai
donors funding the orphanage, old age home and guidance centres
assessing officers verifying the ceiling on deduction under section 35AC

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.35AC	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

SECTION 35AC OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES - VATSALYA TRUST, MUMBAI
NOTIFICATION NO.199/2015 [F.NO.V.27015/2/2015-SO (NAT.COM)]/SO 1986(E), DATED 20-7-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1586(E) dated 11.11.2005 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 9, "i)Orphanage, ii) Balika Ashrama, (iii) Old age home, (iv) Child parents guidance centers", by "Vatsalya Trust, C-2/32, Shree Vijay Kunj Society, Kanjur Marg (East), Mumbai 400042", as an eligible project or scheme, at the estimated cost of Rs.1.92 crore, for a period of three years ending with financial year 2007-08, which was further extended vide notification number S.O. 2391(E) dated 3.10.2008 for a period of three years ending with financial year 2010-11, which was further extended vide notification number S.O. 2399(E) dated 18.10.2011 for a period of three years ending with financial year 2013-14 and which was further extended vide notification number S.O. 1971(E) dated 31.07.2014 for a period of three years ending with financial year 2016-17;
And whereas the project cost is likely to enhance from Rs. 1.92 crore to Rs. 5.00 crore;
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 amending the project cost from Rs. 1.92 crore to Rs. 5.00 crore for the approved period i.e. upto financial years 2016-17;
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. 1586(E) dated 11.11.2005, to the following effect, namely:—
In the said notification, in the Table against serial number 9, in column (4), relating to maximum to be allowed as deduction under section 35AC of Income Tax Act, 1961, for the letters, figures and word "Rs. 1.92 crore" the letters, figures and word "Rs. 5.00 crore" shall be substituted.
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What it changes

The rule numbers are the 1962 Rules’ own, as the notification names them. The right-hand column is the department’s own mapping into the Income-tax Rules, 2026, which renumbered nearly everything.

Rule of the 1962 Rules	Now, in the 2026 Rules
Rule 11M	no counterpart recorded

What to watch

This is a cost amendment only, not an extension of time; the approval period ends with financial year 2016-17.
The enhanced ceiling of Rs. 5.00 crore applies for the whole approved period, as the recommendation records.
The project has been extended three times since 2005 without any change in cost until now.

Where you meet it

In a donor's return claiming deduction under section 35AC, where the aggregate certified against the project is tested against the notified ceiling.

What it names

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.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 3/2022 — Specifying forms returns statements reports orders by whatever name called prescribed in appendix ii to be furnished ele 16 July 2022
Notification No. 2/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)]/SO 3122(E) — Ministry of Finance 28 August 2019
Notification No. 1/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)] / SO 1706(E) — Ministry of Finance 8 May 2019
Notification No. S.O. 1706 [No. 1/2019 (F.No.V.27013/3/2018-SO(nat.com)] — Section 35AC of the Income-tax Act, 1961, read with rule 11G of the Income-tax Rules, 1962 - Eligible Projects or Scheme 8 May 2019
Notification No. 2/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] SO 5160(E) — Ministry of Finance 5 October 2018
Notification No. 1/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] / SO 1658(E) — MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th April, 2018 S.O 17 April 2018

← Notification No.200/2015 [F.No.V.27015/2/2015-SO (NAT.COM)] / SO 1987(E) · Notification No.214/2015 [F.No.V.27015/2/2015-SO (NAT.COM)] / SO 2001(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.