Exemption u/s 35AC -Approves various institutions as an eligible project or schemes

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ( 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, hereby specifies the eligible projects and schemes and estimated cost thereof as mentioned in column (3) of the Table below to be undertaken by the company specifies in the corresponding entry in column (2) of the said table and also specifie .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... an eligible project subject to the conditions that the company shall,-- (a) charge 40 per cent. to 45 per cent. of the exiting market rates for different clinical test for a period of three years; (b) provide free diagnosis for three years to 25 per cent. of the total patients with a family income not exceeding ₹ 12,000 per annum; and (c) allow a rebate of 20 per cent. on .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n respect of project at serial number 1. [No. 9504/F. No. NC-18/94] ******* Notes 1. Substituted vide NOTIFICATION NO. S.O. 613(E) dated 23-8-1994 before it was read as two years 2. Substituted vide NOTIFICATION NO. S.O. 613(E) dated 23-8-1994 before it was read as and 1995-96 - Notification Tax Management India - taxmanagementindi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X