Notification u/s 35AC - Notifies the scheme Socio-Economic development of rural areas through leveraging of resources income generation for poor, wasteland and management and networking and linkages

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..... ent of India in the Ministry of Finance (Department of Revenue) number S. O. 373(E), dated 19th March, 2004, 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 6, Socio-Economic development of rural areas ill rough leveraging of resources income generation for poor, wasteland and management .....

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..... 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 years and amending the project cost from ₹ 10 crore to ₹ 13.04 crore ; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) .....

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..... nst serial number 8, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC of the Income-tax Act, 1961 for the letters, figures and word ₹ 10 crore the letters, figures and word ₹ 13.04 crore shall be substituted. [F. No. V. 27015/2/2012-SO (NAT. COM.)] - Notification Tax Management India - taxmanagementindia - taxmanagem .....

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