PREVENTION OF KIDNEY DISEASES THROUGH AWARENESS PROGRAMME BY INDIA RENAL FOUNDATION, AHMEDABAD 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. 1111(E), dated 8-8-2005
Notification No. 34/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 875(E), Dated 27-4-2011
WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, 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 14, “Prevention of kidney diseases through awareness programme” by India Renal Foundation, 60-61, A Wing, Nobles, Opp. Nehru Bridge, Ashram Road, Ahmedabad – 380009, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 765(E), dated 18th March, 2009 for further period of three years beginning with financial year 2008-09;
AND WHEREAS the said project or scheme is likely to extend beyond six 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 and amending the project cost from Rs. 34.02 lakh to 101.33 lakh;
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 “Prevention of kidney diseases through awareness programme” which is being carried out by India Renal Foundation, 60-61, A Wing, Nobles, Opp. Nehru Bridge, Ashram Road, Ahmedabad – 380009, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12 i.e. 2011-12, 2012-13 & 2013-14;
(b) further amends the said Notification number S.O. 1111(E), dated the 8th August, 2005, to the following effect, namely:—
In the said Notification, in the Table against serial number 14, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC of Income-tax Act, 1961, for the letters, figures and word “Rs. 34.02 lakh” the letters, figures and word “Rs. 101.33 lakh, which includes cost of vehicle apart from the recurring expenses of the next three years” shall be substituted.
