Notification No : 106

Section(s) Referred : section 35AC(1)(b)

Date of Issue : 19/3/2004

Notification No. 106 of 2004, dt. 19th Mar., 2004

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), the Central Government on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby approves the institutions mentioned in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (3) of the said Table and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said provisions of Income-tax Act, 1961, namely:-

Sl.No.            Name of the Institution        Project or scheme and estimated cost thereof        Maximum amount of cost to be allowed as deduction under section 35AC

1. Impact India Foundation,

NHAVA House, 1st Floor, 65,

Maharshi Karve Raod,

Marine Lines, Mumbal-400002.

 Running of “Lifeline Express” (the hospital on wheels.) Rs. 351.02 lakhs (Including a corpus fund of Rs. 119.19 lakhs) for financial years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only.

2. Sri Siddhartha Edocation Society, Siddharthanagar, Tumkur, Karnataka State Construction of hospital building for Gynecology. Pediatrics. Oncology departments and school. hostels, buildings, to start Medical, Dental and Pharmacy education. including establishing Health centres. Trauma Centres, Hospital. Speciality centres and purchase of furniture and fixtures, computers. medical equipments etc. Rs. 6503.00 lakhs for financial years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. Subject to the condition that

(a) the Trust should display public notices in prominent places that the benefits are provided free of cost to economically weaker sections

(b) the institution would file a report from the Chartered Accountant alongwith the return of income of each assessment year certifying that the existing records of the Institution adequately demonstrate that 50% or more of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost.

3. Anoopam Mission, Brahmajyoti, Yogji Marg, Mogri 388 345, Anand, Gujarat Anoopam Mission – Social Welfare Centre Rs. 3.44 crores for financial years 2003-2004. 2004-2005 and 2005-2006 i.e. for three years only. However, the Committee did not approve the proposal for a corpus fund of Rs. 2.40 crores as sought by the Trust

4  Saraswati Seva Foundation, 5/1 Clive Row, Mezzanine Floor, Room No. 14, Kolkata-700001. Establishment and running of institutions for vocational education and training for rural area/or towns having a population of less than 5 lakhs.

 Rs.529.60 lakhs for financial years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only.

5  Vishva Hindu Jan Kalyan Parishad Vidarbha, Laxml Narayan Sanhanivas, Opp. Dinanath High School, Dhantoli, Nagpur

Construction of School buildings, running of health care and literacy awareness programmes, gobar gas. fertilizer, bio-pesticides training centres and running of the project.

 Rs. 1530.86 lakhs including a corpus fund of Rs. 2.00 crores for financial years 2003-2004. 2004-2005 and 2005-2006 i.e for three years only.

6.
ACIL Navasarjan Rural Development Foundation (AnaRDe Foundation). C/o Aegis Logistics Ltd. 4th Floor, Baldota Bhavan. 117. M.K. Road, Mumbai-400 020.

Socio-Economic development of rural areas through leveraging of resources income generation for poor. wasteland & management and networking and linkages.

Rs. 707.25 lakhs for financial years 2003-2004, 2004-2005 and 2005-2006 i.e for three years only.

7. Ganesh Mandali Engine Valves Trust, Margaret Sidney Hospital, 13, Old (NO. 5) 7th Street, Nanganallur, Chennai-600061. Construction of Pediatric Block, out patient Block and provide equipments for Hospital including Intensive care Medical unit Pediatric Block and out patients Block.

 Rs. 82.40 lakhs for financial year 2003-2004 i.e for one year only subject to the condition that the Trust should pass a resolution for providing freeship/ reservation to those belonging to the economically weaker sections of Society whose number should at least be 50% of the total beneficiaries.

2. This notification shall remain in force for a period of three years in relation to financial years 2003-2004, 2004-2005 and 2005-2006 in respect of projects or schemes mentioned at serial numbers 1.2.3,4,5. arid 6 of the said Table and for a period of one year in relation to financial year 2003-2004 in respect of project or scheme mentioned at serial number 7.

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Category : Income Tax (27606)
Type : Notifications (15848) Notifications/Circulars (31994)

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