Section 35AC of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes
Notification No.253/2015 [F.No.V.27015/3/2015-SO(NAT.COM)] / SO 3063(E) was published on 10 November 2015. Its subject is Section 35AC of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes.
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, notifies the project "K.M.G General Hospital", carried out by Kacheria Mojilal Gordhandas General Hospital Trust, Near Saliawadi Darwaja, Balasinor, District Kheda, Gujarat-388255, as an eligible project or scheme for a further period of three years commencing with financial year 2015-16, that is 2015-16, 2016-17 and 2017-18. It also amends notification S.O. 737(E) dated 13th March, 2009, so that in the Table against serial number 16, in column (4) relating to the maximum amount of cost to be allowed as deduction under section 35AC, for "4.82 crore including a corpus fund of Rs. 4.50 crore" there is substituted "Rs. 10.82 crore including a corpus fund of Rs. 2.50 crore". The project was first notified at serial number 16 of S.O. 737(E) dated 13th March, 2009 for three years beginning with financial year 2009-10 and extended by S.O. 644(E) dated 12.03.2013 for three years ending with financial year 2014-15.
The project or scheme is likely to extend beyond six years and its cost is likely to be enhanced, and the National Committee for Promotion of Social and Economic Welfare, being satisfied that it is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for extending it by three years and amending the project cost.
| Under the 1961 Act | Now |
|---|---|
| s.35AC | no counterpart recorded |
SECTION 35AC OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES
NOTIFICATION NO. SO 3063(E) [NO.253/2015 (F.NO.V.27015/3/2015-SO (NAT.COM))], DATED 10-11-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E) dated 13th March, 2009, 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 16, "K.M.G General Hospital" by "Kacheria Mojilal Gordhandas General Hospital Trust, Near Saliawadi Darwaja, Balasinor, District Kheda, Gujarat –388255", as an eligible project or scheme for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 644(E) dated the 12.03.2013 for a period of three years ending with financial year 2014-15;
And whereas by Notification number S.O. 882(E) dated 27th April, 2011, the estimated cost was enhanced from Rs. 1.55 crore including a corpus fund of Rs.1.00 crore to Rs. 2.32 crore including a corpus fund of Rs. 2 crore and which was further enhanced from Rs. 2.32 crore including a corpus fund of Rs. 2 crore to Rs 4.82 crore i.e. an additional amount of R. 2.5 crore as corpus fund vide notification number S.O. 644(E) dated the 12.03.2013;
And whereas the said project or scheme is likely to extend beyond six years;
And whereas the project cost is likely to enhance from Rs. 4.82 crore including a corpus fund of Rs. 4.50 crore to Rs. 10.82 crore including a corpus fund of Rs. 2.50 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 extending the said project or scheme for further period of three years and amending the project cost from Rs. 4.82 crore including a corpus fund of Rs. 4.50 crore to Rs. 10.82 crore including a corpus fund of Rs. 2.50 crore.;
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 for "K.M.G General Hospital", which is being carried out by "Kacheria Mojilal Gordhandas General Hospital Trust, Near Saliawadi Darwaja, Balasinor, District Kheda, Gujarat–388255", as an eligible project or scheme for a further period of three years commencing with financial year 2015-16 i.e 2015-16, 2016-17 & 2017-18 and;
(b) further amends the said notification number S.O. 737(E) dated the 13th March, 2009, to the following effect, namely :-
In the said notification, in the Table against serial number 16, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC of Income Tax Act, 1961, for the letters, figures and word "4.82 crore including a corpus fund of Rs. 4.50 crore", the letters, figures and word "Rs. 10.82 crore including a corpus fund of Rs. 2.50 crore" shall be substituted.
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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 for a payment to the Trust, and in the certificate the Trust issues 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.
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Source: the Income Tax Department’s own published text — its page for this instrument.