U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Development Initiative for Self-Help and Awakening (DISHA) Pune

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..... the Government of India in the Ministry 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 18, Poverty alleviation through capacity building, market support and micro-credit programme for economically weaker secti .....

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..... 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 year. 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 exercis .....

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