Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Sewa-rural , Bharuch
Notification No.67/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 437(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 - Sewa-rural , Bharuch.
The notification does two things for the integrated rural development project of SEWA-Rural (Society for Education, Welfare and Action-Rural), Jhagadia, District Bharuch. First, it notifies the project as an eligible project or scheme under sub-section (1) read with clause (b) of the Explanation to section 35AC for a further three years, the financial years 2014-15, 2015-16 and 2016-17. Second, it amends notification S.O. 228(E) dated 17 March 1994 so that, in the Table against serial number 6, in column (4) relating to the maximum cost to be allowed as deduction under section 35AC, 'Rs. 918.45 lakh including a corpus fund of Rs. 205 lakh' is substituted by 'Rs. 2297 lakh including corpus fund of Rs. 205 lakh'.
The project was likely to extend beyond eighteen years and its cost was likely to be amended to Rs. 2297 lakh, and the National Committee for the Promotion of Social and Economic Welfare, satisfied that it was being executed properly, recommended both 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 - SEWA-RURAL , BHARUCH
NOTIFICATION NO.67/2015 [F.NO.V.27015/4/2014-SO(NAT.COM)]/SO 437(E), DATED 11-2-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.228(E) dated the 17th March, 1994, 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 6, "Integrated Rural Development through health and medical services for rural, poor and tribals, vocational training to tribals and rural poor between age 15 to 35 years for poverty alleviation, income generation activities for development of woman, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low cost houses" by "SEWA-Rural (Society for Education, Welfare and Action-Rural), At & Post Office Jhagadia, District Bharuch-393110", as an eligible project or scheme for a period of three years beginning with assessment year 1994-1995; which was extended further vide notification number S.O.403(E) dated the 6th June, 1996 for a period of three years beginning with assessment year 1997-1998; which was extended further vide notification number S.O.748(E) dated the 10th September, 1999 for a period of three years beginning with assessment year 2000-2001; which was extended further vide notification number S.O.986(E) dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-2004; which was extended further vide notification number S.O.508(E) dated 4th April, 2006 for a period of three years beginning with financial year 2005-2006; which was extended further vide notification number S.O. 1297(E) dated 4th June, 2008 for a period of three years beginning with financial year 2008-09 and which was further extended vide notification number S.O. 1383(E) dated 14.6.2011 for a period of three years ending with financial year 2013-14;
And whereas by notification number S.O.986(E) dated the 10th September, 2002 the estimated cost was enhanced from Rs. 418.50 lakh to Rs.518.50 lakh including a corpus fund of Rs.100.00 lakh and whereas by notification number S.O.1383(E) dated 14.6.2011 the project cost was enhanced from 'Rs.518.50 lakh including corpus fund of Rs.100 lakh' to 'Rs.918.45 lakh including corpus fund of Rs.205 lakh;
And whereas the said project or scheme is likely to extend beyond eighteen years;
And whereas the project cost of Rs. 918.45 lakh including corpus fund of Rs.205 lakh is likely to be amended as Rs.2297 lakh including corpus fund of Rs.205 lakh;
And, whereas, the National Committee for the 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 a further period of three years and amending the project cost from Rs. 918.45 lakh including corpus fund of Rs.205 lakh to Rs.2297 lakh including corpus fund of Rs.205 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), (a) hereby notifies the scheme or project "Integrated Rural Development through health and medical services for rural poor and tribals, vocational training to tribals and rural poor between age 15 to 35 years for poverty alleviation, income generation activities for development of woman, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low cost houses" being carried out by "SEWA-Rural (Society for Education, Welfare and Action-Rural), At & Post Office Jhagadia, District Bharuch-393110", for a further period of three years commencing with the financial years 2014-15, 2015-16 and 2016-17; and
(b) further amends the said notification number S.O.228(E) dated the 17th March, 1994, to the following effect, namely:—
In the said notification, in the Table against serial number 6, in column (4), relating to maximum cost to be allowed as deduction under section 35AC, for the letters, figures and word "Rs. 918.45 lakh including a corpus fund of Rs. 205 lakh" the letters, figures and word "Rs.2297 lakh including corpus fund of Rs.205 lakh" shall be substituted.
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| Rule of the 1962 Rules | Now, in the 2026 Rules |
|---|---|
| Rule 11M | no counterpart recorded |
financial year 2014-15.
A reader meets this when a donation to this project is tested head-wise against the notified ceiling in an assessment, or when SEWA-Rural issues certificates distinguishing corpus from other contributions.
Suppose certified payments to the project stand at Rs. 900 lakh, of which Rs. 205 lakh is corpus. Before this notification only Rs. 18.45 lakh of further cost could be allowed. After substitution a further Rs. 1397 lakh may be allowed, but none of it as corpus, the corpus figure being held at Rs. 205 lakh.
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.68/2015 [F.No.V.27015/4/2015-SO(NAT.COM)] / SO 438(E) · Notification no. 13/2015 [F.No. 142/09/2013-TPL] / SO 424(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.