U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Jankidevi Bajaj Gram Vikas Sanstha, Pune

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..... epartment of Revenue) number S.O.878(E) dated the 30th November, 1992, 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 Central Government had notified at serial number 3, "Integrated Rural Development Project" by "Jankidevi Bajaj Gram Vikas Sanstha, C/o Samaj Seva Kendra, Survey No.4272, Behind Akurdi Post Office, A .....

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..... tification number S.O.2400(E) dated the 3rd October, 2008 for a period of two years beginning with financial year 2008-09 to give the applicant time to spend the already collected amount u/s. 35AC without raising further amount during the period; the period was further extended vide notification S.O. No 644(E) dated 22nd March, 2010 for further three years beginning with financial year 2010-11 and .....

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..... 377; 182.72 lakh to ₹ 298.60 lakh; vide notification number S.O.789(E) dated the 5th July, 2004 the estimated cost was further enhanced from ₹ 298.60 lakh to ₹ 704.14 lakh; vide notification number S.O.No.2604(E) dated 14.10.2009 the project cost was further enhanced from ₹ 704.14 lakh to ₹ 821.80 lakh, vide notification S.O. No 644(E) dated 22nd March, 2010 the estim .....

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..... ly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years and for amending the project cost from ₹ 2971.80 lakh to ₹ 7971.80 lakh and also extension of area of work in all the states of Union of India. However, the exemption u/s 35AC will not apply to the funds received un .....

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..... mn (4), relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and words "Rs. 2971.80 lakh", the letters, figures and words "Rs 7971.80 lakh" shall be substituted. (c) The exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules 2014. [F. No. V. 27015/1/2016-SO .....

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