TMI BlogU/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Srikakulam Vayodhikula Sangham, (Srikakulam Elders Association), Andhra PradeshX X X X Extracts X X X X X X X X Extracts X X X X ..... artment of Revenue) number S.O.1140(E) dated the 18th November, 1999 , 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 Central Government had specified at serial number 3, Construction of building for old age home complex at Srikakulam, Andhra Pradesh by Srikakulam Vayodhikula Sangham, (Srikakulam Elders Asso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... financial year 2009-10 and which was extended further vide notification number S.O. 1072(E) dated 14th May, 2012 for a period of three years ending with financial year 2014-15; And whereas by notification number S.O.529(E) dated the 9th May, 2003, the estimated cost was enhanced from ₹ 23.93 lakh to ₹ 23.93 lakh plus a corpus fund of ₹ 15.00 lakh and vide notification no.388 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al 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 Rules, 1962 for specifying the said project or scheme for a further period of three years and amending the project cost from ₹ 30 lakhs for construction of building plus a Corpus Fund of ₹ 20 lakhs to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember, 1999 , to the following effect, namely:- In the said notification, in the Table against serial number 3, in column (4), relating to maximum to be allowed as deduction under section 35AC of Income Tax Act, 1961, for the letters, figures and word Rs. 30 lakhs for construction of building plus a Corpus Fund of ₹ 20 lakhs the letters, figures and word Rs. 60 lakhs for constructi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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