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U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Gramin Vikas Trust, New Delhi

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..... ued 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 10, A. Western India Rainfed farming project, B.Eastern India Rainfed farming project by Gramin Vikas Trust, 49-50, Red Cross House, Nehru Place, New Delhi , as an eligible project or scheme, at the estimated cost of ₹ 9 crore for a per .....

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..... d of ₹ 5.00 crore to ₹ 29 crore including a corpus fund of ₹ 8 crore. And whereas the project cost is likely to enhance from '₹ 29 crore including a corpus fund of ₹ 8 crore' to '₹ 29 crore including a corpus fund of ₹ 10.5 crore'; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that th .....

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..... number (10), in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC , for the letters, figures and words ₹ 29 crore including a corpus fund of ₹ 8 crore , the letters, figures and words ₹ 29 crore including a corpus fund of ₹ 10.5 crore shall be substituted'. [F.NO.V.27015/3/2014-SO(NAT.COM)] - Notification Tax Man .....

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