Date of Issue: 30/7/1998
In exercise of the powers conferred by section 295 of the Income-tax Act,1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-Tax rules,1962,namely:-
1.(1) These rules may be called the Income-tax(Tenth Amendment) Rules,1998.
(2) They shall come into force on the date of their publication in the Official Gazette.
2.In PartII of the Income-tax Rules,1962,in sub part F,in rule 11K in clause(i),after item(h),the following items shall be inserted,namely:
“(i) establishment and running of educational institutions in rural areas,exclusively for women and children upto 12 years of age;
(j) establishment and running of hospitals and medical facilities in rural areas,exclusively for women and children upto 12 years of age;
(k) establishment and running of creches and schools for childrenof workers employed in factories or at building sites;
(l) encouraging the production of bacteria induced fertilisers;
(m) any programme that promotes road safety,prevention of accidents and traffic awareness”.