Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Sree Sree 108 Karunamoyee Kalimata Mandir, Dr. Meghnad Saha Sarani,Calcutta

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dia in the Ministry of Finance (Department of Revenue) number S.O. 614 (E) dated 18th March, 2010 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 29 "Expansion of Old Age Home" by "Sree Sree 108 Karunamoyee Kalimata Mandir, 107/1, Dr. Meghnad Saha Sarani,Calcutta 700029", as an eligible projec .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e is being executed properly, 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. 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, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ation number S.O. 614 (E) dated 18th March, 2010, to the following effect, namely: 'In the said notification, in the Table against serial number (29), in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC, for the letters, figures and words "Rs. 856.97 lakh including a Corpus Fund of ₹ 400.00 Lakh", the letters, figures and words "Rs.1500.00 lakh i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates