Amendment of section 35AC.

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..... essment year commencing on or after the 1st day of April, 2018. . - Clause 17 of the Bill seeks to amend section 35AC of the Income tax Act relating to expenditure on eligible projects or schemes. The existing provisions of section 35AC, inter alia, provides for deduction for expenditure incurred by way of payment of any sum to a public sector company or a local authority or to an approved a .....

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