X

NC Notification No. 76/2012-Income Tax Dated 9/10/2012

NC Notification No. 76/2012-Income Tax Whereas by notification of the Government of India, in the Ministry of "Finance (Department of Revenue) number S.O. 614(E) dated 18th March, 2010, 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, "Educational Development Project & corpus fund" by Shri Ugam

SECTION 35AC, READ WITH EXPLANATION (B) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – SHRI UGAM EDUCATION TRUST, GUJARAT

NOTIFICATION NO. 76/2012 [F. NO. V.27015/3/2012-SO (NAT.COM)]/S.O. 2404(E), DATED 9-10-2012

Whereas by notification of the Government of India, in the Ministry of “Finance (Department of Revenue) number S.O. 614(E) dated 18th March, 2010, 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, “Educational Development Project & corpus fund” by Shri Ugam Education Trust, 60, Shardakunj Society, Motipura Road, Ta Himmatnagar, District Sabarkantha, Gujarat 383001, as an eligible project or scheme for a period of three years beginning with financial year 2009-10;

And whereas the said project or scheme is likely to extend beyond three years;

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 a further period of three years ;

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 “Educational Development Project & corpus fund” which is being carried out by Shri Ugam Education Trust, 60, Shardakunj Society, Motipura Road, Ta Himmatnagar, District Sabarkantha, Gujarat 383001, without any change in the approved cost of Rs. 3.64 crore including a corpus fund of Rs. 1.50 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13 i.e. 2012-13, 2013-14 & 2014-15.

Categories: Income Tax
X

Headline

Privacy Settings