New Delhi, the 17th December, 2015
Notification No. 278/2015 [F.No.V.27015/4/2015-SO (NAT.COM)] /SO 3452(E) was published on 17 December 2015. Its subject is New Delhi, the 17th December, 2015.
In exercise of the power 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. 2033(E) dated 6 August 2009 in respect of the "Sevalaya old age home project" carried out by Sevalaya, Kasuva Village, Pakkam Post, near Thiruninravur. In the Table against serial number 9, in column (4), which states the maximum amount of cost to be allowed as deduction under section 35AC, the existing figure of Rs. 1.15 crore, comprising a corpus of Rs. 95 lakh and running expenditure, is substituted by Rs. 3.00 crore including a corpus of Rs. 95 lakh. The recitals record that the project was first notified for three years from financial year 2009-10 and was extended in 2011 and again in 2015 up to financial year 2017-18.
The National Committee for Promotion of Social and Economic Welfare, being satisfied that the project is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for amending the project cost.
| Under the 1961 Act | Now |
|---|---|
| s.35AC | no counterpart recorded |
NOTIFICATION
New Delhi, the 17th December, 2015
S.O. 3452(E).—Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2033(E) dated 6th August, 2009, issued under sub-section (1) read with 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, "Sevalaya old age home project" by "Sevalaya, Sevalaya Campus, Kasuva Village, Pakkam Post, Near Thiruninravur-602024", 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. 2897(E) dated 27th December, 2011 for a period of three years ending with financial year 2014-15 and which was extended further vide notification number S.O. 1981(E) dated 20th July 2015 for a period of three years ending with financial year 2017-18;
And whereas the project cost is likely to enhance from Rs. 1.15 crore includes a corpus of Rs. 95 lakh and Rs. 19.86 lakh running expenditure to Rs. 3.00 crore including a corpus of Rs. 95 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 amending the project cost from Rs. 1.15 crore includes a corpus of Rs. 95 lakh and Rs. 19.86 lakh running expenditure to Rs. 3.00 crore including a corpus of Rs. 95 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 notifies the scheme or project "Sevalaya old age home project" which is being carried out by "Sevalaya, Sevalaya Campus, Kasuva Village, Pakkam Post, Near Thiruninravur-602024", further amends the said notification number S.O. 2033(E) dated 6th August, 2009, to the following effect, namely:-
In the said notification, in the Table against serial number 9, in column (4), relating to maximum amount of cost to be allowed as deduction under Section of 35AC of Income Tax Act, 1961 for the letters, figures and word "Rs. 1.15 crore includes a corpus of Rs. 95 lakh and Rs. 19.86 lakh running expenditure" the letters, figures and word "Rs. 3.00 crore including a corpus of Rs. 95 lakh" shall be substituted.
[No. 278/2015 / F. No. V. 27015/4/2015-SO (NAT.COM)]
MAKKHAN LAL MEENA, Dy. Secy. (National Committee)
| Rule of the 1962 Rules | Now, in the 2026 Rules |
|---|---|
| Rule 11M | no counterpart recorded |
17 December 2015.
In a donor's claim to deduction under section 35AC for a donation to this project, and in the certificate issued by the trust against the approved cost.
A donor giving to the Sevalaya old age home project after this notification may be covered up to the revised ceiling of Rs. 3.00 crore for the project as a whole, of which Rs. 95 lakh remains earmarked as corpus, in place of the earlier ceiling of Rs. 1.15 crore. The ceiling is on the project cost eligible for deduction, so the aggregate of donations certified by the trust cannot exceed 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. 277/2015 [F.No.V.27015/4/2015-SO (NAT.COM)] /SO 3451(E) · Notification No. 279/2015 [F.No.V.27015/4/2015-SO (NAT.COM)] /SO 3453(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.