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U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - SOS Children's Villages of India, New Delhi

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..... dated the 29th March, 1994 , 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 6, Administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute, orphaned and abandoned children by SOS Children's Villages o .....

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..... h was extended further vide notification number S.O.833(E) dated the 25th March, 2009 for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O.1074(E) dated the 14th May, 2012 for a period of three years beginning with financial year 2012-13; And whereas by notification number S.O.1604(E) dated the 14th November, 2005 th .....

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..... d 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 Rules, 1962 for extending the said project or scheme for a further period of three years and enhancing the project cost from ₹ 150 crore to ₹ 200 crore; Now, therefore, the Central Government, in exercise o .....

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..... mber 8 (SIC) (6) , in column (4), relating to maximum amount of cost to be allowed as deduction under section of 35AC of Income Tax Act, 1961 for the letters, figures and word ₹ 150 crore the letters, figures and word ₹ 200 crore shall be substituted. [F.NO.V.27015/2/2015-SO (NAT.COM)] - Notification Tax Management India - taxmanagementindia - taxmanagement .....

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