Exemption u/s 35AC – Amendments in Notification no. SO 54(E), dated the January 16, 1998 projects of 'Rural development project-construction of buildings for primary school, women and child welfare centre by Anuvrat Gram Bharti Sansthan

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..... 6-2008 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 54(E), dated the January 16, 1998, 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 13, 'Rural development project-construction of buildings for primary school, .....

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..... d the July 16, 2007 for a period of three years beginning with financial year 2006-07; And whereas the said project or scheme is likely to extend beyond twelve 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 .....

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..... jasthan; ( b ) further amends the said notification number SO 973(E), dated the December 14, 1995 (SIC), to the following effect, namely :- In the said notification, in the Table against serial number 13, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and word '₹ 60 lakh', the letters, figures and wo .....

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