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U/s. 35AC IT ACT 1961 - Eligible Projects or Schemes Expenditure On - Noida Lok Manch Noida Uttar Pradesh

Income Tax - S.O. 1237(E) - Dated:- 29-3-2016 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10/2016 New Delhi, the 29th March, 2016 S.O. 1237(E).-Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.2907 (E) dated 17th November, 2009, 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 notified at serial number 9, i) N .....

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project or scheme is likely to extend beyond six 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 Rules, 1962 for extending the said project or scheme for a further period of three years. However, the exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Com .....

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