road safety related activities are now eligible for 100% tax exemption
TRANSCRIPT
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~SHAKTIKANTA DAS, I.A.S::;.. Revenue Secretary..__~-....
D.O.No.27013/3/2015-S0(Nat.Com.)
Tel. : +91-11-23092653Fax: +91-11-23092719E-mail: [email protected] www.finmm.n.ic:in
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Department of RevenueNorth Block, NewDelhi-110001
9th April, 2015
Dear
Please refer to your D.O. letter No.149-R/Secy(RTH)/2015 dated06.04.2015 seeking clarification regarding tax exemption for programmes forpromoting road safety, prevention of accidents and traffic awareness under Section35AC of the Income Tax Act, 1961.
2. A scheme/project carrying out a programme that 'promotes road safety,prevention of accidents and traffic awareness' is covered under Rule 11K (m)presecribed under Section 35AC of the Income-tax Act, 1961. The project willhowever need to be notified as an eligible project in terms of Section 35AC (ibid)for which an application has to be made to Secretary, National Committee forPromotion of Social and Economic Welfare.
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Yours sincerely,
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II " 9/:~ 9 ~Lt.L \~ .r> \& (Shaktikanta Das)
Shri Vijay Chhibber, (.\ V \ ~..Jt..~\ <vv-\.)Se.cr.etary, \.,x (\. ~/Ministry of Road Transport and Highways, ~:J ~ 1, .(\ v\
Transport Bhawan, C"-'.~~. )L. \v \ ~Parliament Street, -..,J
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