Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Gramin Vikas Trust, New Delhi

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..... come-tax Act, 1961 - Eligible projects or schemes, expenditure on - Gramin Vikas Trust, New Delhi S.O. 471(E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.461(E), dated the 5th April, 2004, 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 C .....

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..... Rs. 5.00 crore) to Rs. 16.00 crore (including a corpus fund of Rs. 5.00 crore); And whereas the said project or scheme is likely to extend beyond nine years; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax .....

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..... 2013-14 and 2014-15; (b) further amends the said notification number S.O. 461(E), dated the 5th April, 2004, to the following effect, namely :- In the said notification, in the Table against serial number 10, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and word "Rs. 16.00 crore including a corpus fund of Rs. 5.00 cr .....

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