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CG notification on maximum deduction to eligible institutions u/s 35AC

NOTIFICATION NO. 97/2012 [F.NO. V. 27015/4/2012-SO(NAT.COM]]/S.O. 627(E), DATED 12-3-2013

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 andEconomic 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 theestimated 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 35AC for the period of approval, namely:-

TABLE

Serial Number

Name of the Institution

Project or scheme andestimated costthereof

Maximum amount of cost to be allowed as deduction under section 35AC

(1)

(2)

(3)

(4)

1.

Nilachal Seva Pratisthan, 

Dayavihar (Kanas),

Puri, Odisha-752 017.

Improving the Quality of Institutional Care for Underprivileged People. 

(Cost of Rs. 6.14 crore)

Rs. 6.14 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

2.

Anoopam Mission, 

Brahmajyoti, Yogiji Marg,

Mogri village, District

Anand,

Gujarat.

Pragnan Tirth Sarvangi Shikshan Sansthan. 

(Cost of Rs. 29.62 crore)

(Rs. 26.62 crore as capital cost and Rs. 3 crore as corpus fund)

Rs. 29.62 crore (Rs. 26.62 crore as capital cost and Rs. 3 crore as corpus fund) for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

3.

Jeevan Jyot Cancer Relief & Care Trust, 

3/9, Kondaji Chawl, Jerbai Wadia Road,

Near Tata Hospital,

Parel -12, Mumbai,

Maharashtra.

Maintaining Present Activities of Jeevan Jyot Cancer Relief & Care Trust. 

(Cost of Rs. 10.00 crore)

Rs. 10.00 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

4.

Nabarun Seva Niketan, 

Village & P.O. Pulsita,

P.S. Kolaghtat, District

Purba Medinipur,

West Bengal-721 154.

Free Cataract Surgeries for Rural Destitute. 

(Cost of Rs. 54.00 lakh).

Rs. 54.00 lakh for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

5.

Calcutta Rescue, 

Regd. Office 10,

Nilmoni Mitra Street,

Kolkata-700 006,

West Bengal.

Calcutta Rescue. 

(Cost of Rs. 18.57 crore).

Rs. 18.57 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

6.

Vedanta Foundation, 

Opposite Niranjan Building,

Corner of ˜E™ Road,

Marine Drive, Mumbai– 400 002.

Vedanta Super-30 

(Cost of Rs. 942.26 lacs).

Rs. 942.26 lacs for three years commencing with financial year 2012-I3i.e. 2012-13, 2013-14 & 2014-15.

7.

Acharya Ayurved Foundation, 

Keshvanagar, Wadagaon Maval,

Taluka Maval,

District Pune,

Maharashtra.

Ayurved Treatment and Research Center for chronic diseases specially diabetes at Wadagaon Maval, Maval Taluka, District Pune, Maharashtra. 

(Cost of Rs. 4.95 crore (including a corpus fund of Rs. 1 crore).

Rs. 4.95 crore (including a corpus fund of Rs. 1 crore) for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

8.

Srinivasan Services Trust, 

Jayalakshmi Estates,

No. 29 (Old No. 8),

Haddows Road,

Chennai-600 006.

Rural Development Project in 21 villages in Mysore, Karnataka. 

(Cost of Rs. 1.5 crore)

Rs. 1.5 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

9.

Parivar Education Society, 

Bonogram, Bakhrahat Road,

P.O. Raspunja,

Kolkata-700 104,

West Bengal.

Infrastructure Development of Parivar Education Society 

(Cost of Rs. 12.15 crore)

Rs. 12.15 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

10.

Parivar Education Society, 

Bonogram, Bakhrahat Road,

P.O. Raspunja,

Kolkata-700 104,

West Bengal.

Operational Expenditure of the ˜Pariwar™ Institution. 

(Cost of Rs. 48.03 crore including a corpus fund of Rs. 20 crore).

Rs. 48.03 crore including a corpus fund of Rs. 20 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

11.

Sundaram Medical Foundation, 

#9c, 4th Avenue,

Shanthi Colony,

Anna Nagar, Chennai 40.

To provide critical care, emergencyhealth care and also to provide multi-specialtyhealth care to senior citizens and underprivileged at free of cost. 

(Cost of Rs. 10.23 crore)

Rs. 10.23 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

12.

Oxfam India, 

Plot No. 1, Community Centre,

2nd Floor, (above Sujan Mahinder Hospital),

New Friends Colony,

New Delhi 110 025.

Oxfam India Humanitarian Response and Disaster Risk Reduction. 

(Cost of Rs. 16.98 crore).

Rs. 16.98 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

13.

Basavanagudi Aquatic Centre, 

Pampamahakavi Road,

Shankarpuram,

Basavanagudi,

Bangalore 560 004,

Karnataka.

International Standard Swimming Pool, 

(Cost of Rs. 2.67 crore)

Rs. 2.67 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

14.

Development Excellance Foudation, 

CECIL Court, 2nd Floor,

M. Bhushan Road,

Next to Regal Cinema,

Mumbai-400 002.

Maintenance & Expansion of Activities of Development Excellence Foundation at Sikar, Rajasthan. 

(Cost of Rs. 15.70 crore)

Rs. 15.70 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

15.

Azad Education Society, 

5883, High School Road,

Miraj, District Sangali,

Maharashtra -416 410.

Maulana Azad Durbal Parivartan Yojana (Scheme for the Welfare of Downtrodden). 

(Cost of Rs. 8.37 crore).

Rs. 8.37 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

16.

Hindu Mission Hospital, 

103, GST Road,

Tambaram West,

Chennai-45

™30 Years Service™ 

Hindu Mission Hospital, Chennai.

(Cost of Rs. 27 crore)

Rs. 27 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

17.

Jhunjhunu Zila 

Parayavaran Sudhar Samiti,

B-26, Indira Nagar,

Jhunjhunu,

Rajasthan.

Training Development Institute at Jhunjhun, Churu, Sikar districts at Rajasthan. 

(Cost of Rs. 21 crore)

Rs. 21 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

18.

Mahila Seva Samity, 

5/1, Red Cross Place,

Kolkata-700 062,

West Bengal.

Mahila Seva Samity. 

(Cost of Rs. 3.00 crore as corpus fund)

Rs. 3.00 Crore as corpus fund for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 &2014-15.

19.

Swayamkrushi, 

17, Sri Malani Housing

Co-operative Society,

Indian Air Line Colony,

Trinulgherry,

Secunderabad-500 015.

Training Centre and Housing Facilities for persons with mental challenges, cerebral palsy, autism and multiple disabilities. 

(Cost of Rs. 6.22 crore).

Rs. 6.22 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

20.

Share Society to Heal Aid Restore Educate, 

Solitair Corporate Park

Building No. 5, 7th Floor,

Andheri Kurla Road,

Andheri (East), Mumbai-400 093,

Maharashtra.

Expansion of existing Sanitation, Irrigation andHealth Projects Training Centre. 

(Cost of Rs. 16.66 crore).

Rs. 16.66 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

21.

Shree Sardhav Gram Vikas Mandal, 

C/o Revabai General Hospital,

At. & Post Sardhav,

Ta & District Gandhinagar,

Gujarat.

Maintenance of Revabai General Hospital. 

(Cost of Rs. 290.40 lacs including a corpus fund of Rs. 150 lakh).

Rs. 290.40 lacs including a corpus fund of Rs. 150 lakh for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

22.

Deepak Foundation, 

Deepak Farm,

Opp. Harikrupa Society,

Near TB Hospital Gotri Road,

Vadodara-390 021.

Public HealthTraining Institute, Vadodara District at Gujarat. 

(Cost of Rs. 10 crore)

Rs. 10 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

23.

Light of Life Trust, 

181, Hill Road, Bandra

(West), Mumbai 400 050,

Maharashtra.

Setting up and operation of a Children™s Home under theLight of LifeTrust™s Community Development Project ˜Jagruti™ at Tiware Village, Karjat Taluka, Raigad district, Maharashtra. 

(Cost of Rs. 8.20 crore)

Rs. 8.20 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

24.

Light of Life Trust, 

181, Hill Road, Bandra (West),

Mumbai-400 050,

Maharashtra.

Setting up and operation of a Medical Diagnostic Centre with a Mobile Medical Unit under the Light of Life Trust™s community development project ˜Jaguriti™ at Tiware Village, Karjat Taluka, Raigad district, Mahrashtra. 

(Cost of Rs. 4.52 crore)

Rs. 4.52 crore for three year commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

25.

Light of Life Trust, 

181, Hill Road, Bandra

(West), Mumbai-400 050,

Maharashtra.

Setting up and operation of a Senior Citizen™s Home at Tiware Village, Karjat Taluka, Raigad district, Maharashtra. 

(Cost of Rs. 3.28 crore)

Rs. 3.28 crore for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

26.

Palana Reddy Memorial 

Charitable Trust,

D.No. 1-10-11/1, Flat No. 602,

Gokul Apartment, Street No. 4,

Ashok Nagar, Hyderabad 20,

Andhra Pradesh.

Enhancement of the activities of present old age home and upcoming 200 old aged SC/ST/OBC & Below Poverty Line Persons. 

(Cost of Rs.446.83 lakh)

Rs. 446.83 lakh for three years commencing with financial year 2012-13i.e. 2012-13, 2013-14 & 2014-15.

II. This notification shall remain in force for a period of three years in relation to financial years 2012-13, 2013-14 & 2014-15 in respect of the projects or schemes mentioned at serial numbers 1 to 26 of the Table above.

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