Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Pranab Kanya Sangha, Kolkata

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..... e-tax Act, 1961 - Eligible projects or schemes, expenditure on - Pranab Kanya Sangha, Kolkata S.O. 467(E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1365(E), dated the 27th November, 2003, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961 ), the .....

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..... c 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 Income-tax Rules, 1962 for extending the said project or scheme for a further period of three year and amending the project cost from Rs. 143.33 lakh including a corpus fund of Rs. 10 lakh to Rs. 3.85 crore of Rs. 60 lakhs. Now, therefore, .....

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..... cost to be allowed as deduction under section 35AC of the Income-tax Act, 1961 (43 of 1961 ), for the letters, figures and word "Rs. 143.33 lakh including a corpus fund of Rs. 10.00 lakh" the letters, figures and word "3.85 crore including a corpus fund of Rs. 60.00 lakhs" shall be substituted. - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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