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TMI BlogU/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Sri Sathya Sai Central Trust, Anantapur, Andhra PradeshX X X X Extracts X X X X X X X X Extracts X X X X ..... of Finance (Department of Revenue) number S.O. 466(E) dated 29th March, 2007 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 21 "Running and maintenance of Sri Sathya Sai Institute of Higher Medical Sciences at Prasanthigram (Andhra Pradesh), running and maintenance of Sri Sathya Sai Institut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sathya Sai Central Trust" and which was further extended vide notification number S.O. 3142(E) dated the 17th October, 2013 for a period of three more years ending with financial year 2015-16; And whereas by notification number S.O. 3142(E) dated the 17th October, 2013 the estimated cost was enhanced from Rs. ₹ 193.20 crore including a Corpus fund of ₹ 100 crore to ₹ 596.20 cror ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; 150 crore. However, 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; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC, of the Income-tax Act, 1961 (43 of 1961),- (a) hereby notifies the scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ating to maximum amount of cost to be allowed as deduction under section 35 AC of Income Tax Act, 1961, for the letters, figures and words "Rs. 596.20 crore including a Corpus fund of ₹ 100 crore", the letters, figures and words "Rs. 936.20 crore including a Corpus fund of ₹ 150 crore" shall be substituted. (c). The exemption u/s 35AC will not apply to the funds received under Schedul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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