IT – K.M.G. General Hospital by Kacheria Mojilal Gordhandas General Hospital Trust, Gujarat notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 41/2011

K.M.G. GENERAL HOSPITAL BY KACHERIA MOJILAL GORDHANDAS GENERAL HOSPITAL TRUST, GUJARAT NOTIFIED AS AN ELIGIBLE SCHEME OR PROJECT UNDER SECTION 35AC

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 737(E), dated 13-3-2009

NOTIFICATION NO. 41/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 882(E), DATED 27-4-2011

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 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 enhancing the project cost 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;

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 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;

(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) maximum amount of cost to be allowed as deduction under section 35AC of Income-tax Act, 1961, for the letters, figures and word “Rs. 1.55 crore including a corpus fund of Rs. 1.00 crore”, the letters, figures and word “Rs. 2.32 crore including a corpus fund of Rs. 2 crore ” shall be substituted.

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