TMI BlogU/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Jankidevi Bajaj Gram Vikas Sanstha, PuneX X X X Extracts X X X X X X X X Extracts X X X X ..... a, in the Ministry of Finance (Department of Revenue) number S.O.878(E) dated the 30th November, 1992 , 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 3, Integrated Rural Development Project by Jankidevi Bajaj Gram Vikas Sanstha, C/o Samaj Seva Kendra, Survey ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 004- 2005; which was extended further vide notification number S.O.2400(E) dated the 3rd October, 2008 for a period of two years beginning with financial year 2008-09 to give the applicant time to spend the already collected amount u/s. 35AC without raising further amount during the period; the period was further extended vide notification S.O. No 644(E) dated 22nd March, 2010 for further th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1th May, 1999 the estimated cost was further enhanced from ₹ 182.72 lakh to ₹ 298.60 lakh; vide notification number S.O.789(E) dated the 5th July, 2004 the estimated cost was further enhanced from ₹ 298.60 lakh to ₹ 704.14 lakh; vide notification number S.O.No.2604(E) dated 14.10.2009 the project cost was further enhanced from ₹ 704.14 lakh to ₹ 821.80 lakh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lfare, 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 for amending the project cost from ₹ 2971.80 lakh to ₹ 7971.80 lakh and also extension of area of work in all the states of Unio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder the project Integrated Rural Development Project , all the states of Union of India and in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words Rs. 2971.80 lakh , the letters, figures and words Rs 7971.80 lakh shall be substituted. (c) The exemption u/s 35AC will not apply to the funds received under Sch ..... X X X X Extracts X X X X X X X X Extracts X X X X
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