Exemption u/s 35AC - Central Government had specified for Construction of building for old age home complex at Andhra Pradesh, by Srikakulam, Vyaodhikula Sangham as an eligible project or scheme - Amendment in N. No. S.O.I 140(E) dated the 18th November, 1999

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..... onstruction of building for old age home complex at Andhra Pradesh, by Srikakulam, Vyaodhikula Sangham as an eligible project or scheme - Amendment in N. No. S.O.I 140(E) dated the 18th November, 1999 NOTIFICATION NO. 99/2005, DATED 23-3-2005 S.O.388(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.I 140(E) dated the 18th Novem .....

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..... 93 lakhs to ₹ 23.93 lakhs plus a corpus fund of ₹ 15.00 lakhs; And whereas, the said project or scheme is likely to extend beyond five years; And, whereas, the National Committee for the 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 Rule .....

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..... .O. 1140(E) dated the 18th November, 1999, to the following effect, namely:- In the said notification, in the Table against serial number 3, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and words" ₹ 23.93 lakhs plus a corpus fund of ₹ 15 lakhs," the letters, figures and words "₹ 23.93 lakh .....

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