Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Gujarat Sarvar Mandal, Ahmedabad
Notification No.91/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 461(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 - Gujarat Sarvar Mandal, Ahmedabad.
The Central Government, under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, does two things for the project "for free medical aid to poor and destitute patients at Ahmedabad, Gujarat" carried out by Gujarat Sarvar Mandal, Room No. 15, 1st Floor, Himavan, Samaj Kalyan Kendra, Shanti Kunj Society, Pritamari Marg, near Paldi, Ahmedabad-6. It notifies the project for a further period of three years beginning with financial year 2013-14, that is 2013-14, 2014-15 and 2015-16, recording that as financial year 2013-14 has already lapsed no exemption shall be available for that year. It also amends S.O. 791(E) dated 18 September 1995 so that in the Table against serial number 1, in column (4), the maximum amount of cost to be allowed as deduction under section 35AC, "Rs. 72 lakh" is substituted by "Rs. 90 lakh and also corpus fund of Rs. 1 crore". The project was first specified for three years from assessment year 1996-97 and has been extended five times, the cost having been raised from Rs. 12.00 lakhs to Rs. 36.00 lakhs and then to Rs. 72.00 lakhs.
The project was likely to extend beyond eighteen years and its cost was likely to be amended to Rs. 90 lakh with a corpus fund of Rs. 1 crore, and the National Committee for Promotion of Social and Economic Welfare, satisfied that it was being executed properly, recommended both the extension and the amendment 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 - GUJARAT SARVAR MANDAL, AHMEDABAD
NOTIFICATION NO.91/2015 [F.NO.V.27015/4/2014-SO(NAT.COM)]/SO 461(E), DATED 11-2-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.791(E) dated the l8th September, 1995, 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 specified at serial number 1, "for free medical aid to poor and destitute patients at Ahmedabad Gujarat" by "Gujarat' Sarvar Mandal, Room No.15, 1st Floor, Himavan, Samaj Kalyan Kendra, Shanti Kunj Society, Pritamari Marg, Near Paldi, Ahmedabad-6", as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997; which was extended further vide notification number S.O.686(E) dated the 11th August, 1998 for a period of three years beginning with assessment year 1999-2000; which was extended further vide notification number S.O.561(E) dated the 20thJune, 2001 for a period of three years beginning with assessment year 2002-2003; which was extended further vide notification number S.O.796(E) dated the 5th July, 2004 for a period of three years beginning with financial year 2004-2005; which was extended further vide notification number S.O.1152(E) dated 16.7.2007 for a period of three years beginning with financial year 2007-08 and which was extended further vide notification number S.O. 1797(E) dated 21st July, 2010 for a period of three years beginning with financial year 2010-11;
And whereas vide notification number S.O.630(E) dated the 5th July, 2000 the estimated cost was enhanced from Rs. 12.00 lakhs to Rs.36.00 lakhs and vide notification number S.O.796(E) dated the 5th July, 2004 the estimated cost was enhanced from Rs.36.00 lakhs to Rs.72.00 lakhs;
And whereas the said project or scheme is likely to extend beyond 18 years;
And whereas the project cost of Rs. 72 lakh is likely to be amended as Rs. 90 lakh and also corpus fund of Rs.l 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 a further period of three years and amending the project cost from Rs. 72 lakh to Rs. 90 lakh and also corpus fund of Rs.l 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 free medical aid to poor and destitute patients at Ahmedabad, Gujarat", which is being carried out by "Gujarat Sarvar Mandal, Room No. 15, 1st Floor, Himavan, Samaj Kalyan Kendra, Shanti Kunj Society, Pritamari Marg, Near Paldi, Ahmedabad-6", for a further period of three years beginning with financial years 2013-14 i.e. 2013-14, 2014-15 & 2015-16. Since the financial year 2013-14 has already lapsed it would be notified that no exemption shall be available for the said finance year 2013-14; and
(b) further amends the said notification number S.O. 791(E) dated the 18th September, 1995, to the following effect, namely:-
In the said notification, in the Table against serial number 1, 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. 72 lakh" the letters, figures and word "Rs. 90 lakh and also corpus fund of Rs. l 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 2013-14, retrospectively.
In a donor's return claiming deduction under section 35AC, where the certificate for the year of payment must be produced.
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. 16/2015 [F.No.203/29/2014/ITA.II] · Notification No.92/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 462(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.