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The Central Government notifies specific institutions and approves eligible social and economic welfare projects or schemes for tax deductions under section 35AC of the Income Tax Act, 1961. The Central Government also approves extensions and enhanced costs for existing projects for the financial year 2016-17. The exemption under section 35AC does not apply to funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules, 2014. This notification remains in force for the financial year in respect of the projects or schemes mentioned.
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MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st February, 2017
S.O.333 (E).— In exercise of the powers conferred by sub-section (I) read with clause (b) of the Explanation to Section 35 AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee, mentioned in column (2) of the Table below, and approves the eligible projects or schemes specified to be carried on by the said institutions and the estimated cost thereof as mentioned in column (3) of the said Table, and also specifies in the column (4) of the Table the maximum amount of such cost which may be allowed as deduction under the said section 35 AC for the period of approval, namely:-
TABLE
| Sl. No. | Name of the Institution/Organization | Project or scheme and estimated cost thereof | Maximum amount of cost to be allowed as deduction under section 35AC and period of approval |
|---|---|---|---|
| (1) | (2) | (3) | (4) |
| 1 | Shivesh Autism Charitable Trust, | ||
| 9-H, K.K. Nagar, | |||
| Avarampalayam | |||
| Coimbatore - 641044 | Awareness Creation on autism and development for autism centre | ||
| Rs. 1.01 crore | Approved the cost of Rs. 1.00 crore for financial year 2016-17 | ||
| 2 | Seva Chakkara Orphanage | ||
| 89/41, Sami Pillai Street | |||
| Choolai, Chennai-600112. | Renovation of existing building and purchase & construction of new building | ||
| Rs. 993.40 Lakh | Approved the cost of Rs. 993.40 lakh for financial year 2016-17 | ||
| 3 | Shri Akkalkot Swami Seva Mandal | ||
| C/o. C. S. Rahatekar Plot No. 40, Shri Swami Kripa, | |||
| 1st Floor, Vadavali Section, | |||
| Ambarnath, | |||
| ( East ) Dist:- Thane, | |||
| Maharashtra - 421501 | Rehabilitation cum Recreational Home for child beggars, street dwelling and underprivileged slum children, Old Age Home for Senior Citizen. | ||
| Rs. 3.60 Crore | Approved the cost of Rs. 3.60 crore for financial year 2016-17 | ||
| 4 | Govinda Pradhan Smruti Sansad(GPSS) | ||
| AT – Bank Colony, 1st Lane | |||
| Gate Bazar, Berhampur | |||
| Ganjam-760001 | Setting up of a vocational education centre (i) Short term (ITI courses) in Computer, Mobile repairing, short hand and typing and (ii) Para Medical Courses like Nursing, DMLT, Ex-Ray Machine Operator, Physiotherapy for rural poor people of Ganjam District of Odisha | ||
| Rs. 7.35 Crore | Approved the cost of Rs. 7.35 crore for financial year 2016-17 | ||
| 5 | Harishpur Prostitute Children Rehabilitation Centre | ||
| Village Bidyadharpur | |||
| P.O. Sonarpur, | |||
| Kolkatta-700150 | Destitute Children Rehabilitation Centre | ||
| Rs. 126.00 Lakh | Approved the cost of Rs. 126.00 lakh for financial year 2016-17 | ||
| 6 | Shri K.K. Shah Sabrkantha Arogya Mandal, Vatrak | ||
| At & PO Vatrak | |||
| TA: Bayad, District Aravalli, Gujarat-383326 | Shri K.K.Shah Sabarkantha Arogya Mandal | ||
| Rs. 202.43 Lakh | Approved the cost of Rs. 202.43 lakh for financial year 2016-17 | ||
| 7 | Centurion Science and Technology Entrepreneurship Facilitation Centre | ||
| AT: Alluri Nagar | |||
| PO: R.Sitapur, VIA Uppalada, Paralakhemundi | |||
| District Gajpati-761211 | Skill Training of BPL Women & Youth for Nano Mini Entrepreneurship | ||
| Rs. 10.31 Crore | Approved the cost of Rs. 10.31 crore for financial year 2016-17 | ||
| 8 | Budhuvir Educational Trust | ||
| AT – Bartoli, PO Jabaghat | |||
| Via Jhirpani, Rourkela-769042 PS Bondamunda | |||
| District Sundargarh, Odisha | Provide Quality skill India Digitalized Vocational Training for the BPL & ST/SC students | ||
| Rs. 12.00 Crore | Approved the cost of Rs. 12.00 crore for financial year 2016-17 | ||
| 9 | Bai Jerbai Wadia Hospital for Children | ||
| Acharya Donde Marg, Parel District Mumbai-400012 Maharashtra | Upgradation & modernization of research centre at Bai Jerbai Wadia Hospital for children | ||
| Rs. 110.00 Crore | Approved the cost of Rs. 110.00 crore for financial year 2016-17 | ||
| 10 | Future Hope India | ||
| 1/8, Rowland Road, | |||
| Kolkatta-700020 | Construction of a school and hostel at Rajarhat, Kolkatta, West Bengal | ||
| Rs. 41.40 Crore | Approved the cost of Rs. 41.40 crore for financial year 2016-17 | ||
| 11 | Suryoday Trust, | ||
| 105, Shraddha Shopping Centre CHSL, | |||
| Old Nagardas Road Andheri East, Mumbai-401203 | School construction for the mentally challenged children (Approx. 15-200 children at Nalasopara West) | ||
| Rs. 2.60 Crore | Approved the cost of Rs. 2.60 crore for financial year 2016-17 | ||
| 12 | Jain India Trust | ||
| Siyat House, | |||
| 4th floor, No. 961, | |||
| Poonamallee High Road | |||
| Chennai-600084 | Scholarship Project | ||
| Rs. 475.09 Lakh | Approved the cost of Rs. 475.09 lakh for financial year 2016-17 | ||
| 13 | Shree Ganesh Seva Trust for the Exceptional Persons | ||
| Shree Ganesh Kandettu, Bikarnakatta | |||
| Mangalore-575005 | ‘Saanidhya – Shaswath’ Life Time Stay home for the Adult Mentally Challenged | ||
| Rs. 6.00 Crore | Approved the cost of Rs. 6.00 crore for financial year 2016-17 | ||
| 14 | Bharat Sevashram Sangha | ||
| 211, Rash Behari Avenue | |||
| Kolkatta-700019 | Extension of Bharat Sevashram Sangha Hospital from 100 Bed to 500 Bed | ||
| Rs. 73.24 crore | Approved the cost of Rs. 73.24 crore for financial year 2016-17 | ||
| 15 | Health and Education for all (HEAL) | ||
| Heal Paradise, Thotapalli Village Agiripalli Mandal, | |||
| Krishna District | |||
| Andhra Pradesh-521211 | Heal Paradise | ||
| Rs. 57.00 Crore | Approved the cost of Rs. 23.70 crore for second phase for financial year 2016-17 | ||
| 16 | Ranapara Gram Bikash Kendra | ||
| Village Ranapara | |||
| P.O. Deorah, P.S. Amta | |||
| Howrah-711401 West Bengal | Women empowerment & children education for the rural poor in the backward District of East Midnapore, West Midnapore & Bankura | ||
| Rs. 6.84 Crore | Approved the cost of Rs. 6.84 Crore crore for financial year 2016-17 | ||
| 17 | Anandam | ||
| No.2, Sarangapani St. Krishnapuram Ambattr | |||
| Chennai-600053 | Anandam/Anandam Hospice/Anandam Tuition Centre/Anandam Medical Care Centre | ||
| Rs. 881.00 Lakh | Approved the cost of Rs. 881.00 lakh for financial year 2016-17 | ||
| 18 | Vivekananda Kendra Rock Memorial and Vivekanand Kendra | ||
| Vivekanandapuram, | |||
| Kanyakumari-629702 | Vivekananda Kendra Academy for Indian Culture, Yoga and Management (VK AICYAM) | ||
| Rs. 6.25 Crore | Approved the cost of Rs. 6.25 crore for financial year 2016-17 | ||
| 19 | Jagriti Yuva Sansthan | ||
| Gram Jamgaon Post Jamgaon, Tehsil Nainpur | |||
| District Mandla-481776 | |||
| Madhya Pradesh | Vermi Compost Jaivik Khad Nirman Training Programme | ||
| Rs. 10.00 Lakh | Approved the cost of Rs. 10.00 lakh for financial year 2016-17 | ||
| 20 | Iskon Food Relief Foundation | ||
| 19, Jaywant Industrial Estate | |||
| 63, Tardeo Road, Tardeo | |||
| Mumbai-400034 | Cooking and Providing Meals to needy person, such as patients of Municipal/Zila Parishad/Government Hospitals and their relatives and needy sections of the population living in slums | ||
| Rs. 107.68 Crore | Approved the cost of Rs. 107.68 crore for financial year 2016-17 | ||
| 21 | Shree Navkar Sarvar Kendra | ||
| 501, Nalanda Enclave | |||
| Opp. Sudama Resort | |||
| Pritam Nagar, First Slop | |||
| Ellis Bridge Ahmedabad-06 | Medical Services to Monk and Pilgrims in Gujarat State | ||
| Rs. 2.50 Crore | Approved the cost of Rs. 2.50 crore for financial year 2016-17 | ||
| 22 | Kamdhenu Ati Nirdhan Chiktsa Sahayata Society | ||
| Administrative Block, SGPGI, Raebareilly Road, | |||
| Lucknow-226014 | |||
| Uttar Pradesh | Kamdhenu Ati Nirdhan Chikitsa Sahayata Society | ||
| Rs. 846.47 Lakh | Approved the cost of Rs. 846.47 lakh for financial year 2016-17 | ||
| 23 | Dr. C.J. Desai and Jaswantiben Desai Foundation | ||
| SB Tower, 1st Floor | |||
| 37, Shakespeare Sarani | |||
| Kokatta-700017 | Establishment of EYE & Dialysis Centre, Pathology & Dental Lab at Dharampur, District Valsad, Gujarat | ||
| Rs. 1000.00 Lakh | Approved the cost of Rs. 1000.00 lakh for financial year 2016-17 | ||
| 24 | Yuva Unstoppable | ||
| B/3/13, Skylark Apartment | |||
| Satellite Road | |||
| Ahmedabad-380015 | True Hero & Evolution | ||
| Rs. 4.37 Crore | Approved the cost of Rs. 4.37 crore for financial year 2016-17 | ||
| 25 | Ubedullah Abdulrehman Rashid Education and Charitable Trust | ||
| Wansya Gate, Kanka Road, | |||
| AT Post Lunawada | |||
| District Mahisagar Gujarat | Extension of present activities in School and Technical Education project | ||
| Rs. 22.60 Crore | Approved the cost of Rs. 22.60 crore for financial year 2016-17 |
II. In exercise of the powers conferred by sub-section (I) read with clause (b) of the Explanation to Section 35 AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, under sub-rule (5) of Rule 11M of the Income Tax Rules, 1962 hereby notifies the extension of the projects/schemes for a further period and/or enhanced sanctioned cost for the existing projects/schemes for exemption under section 35 AC of the Income Tax Act, 1961, in respect of the associations and institutions approved by the said National Committee, mentioned in the Table below.
