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U/s. 35AC IT ACT 1961 - Eligible Projects or Schemes Expenditure On - Asian Society of Continuing Medical Education Chennai

Income Tax - S.O.1502(E) - Dated:- 26-4-2016 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 19/2016 New Delhi, the 26th April, 2016 S.O.1502(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1872(E) dated 21.07.2014 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 14, Asian Society of Continuing Medical Educa .....

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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 amending the project cost from ₹ 31.07 crore to ₹ 67.49 crore. However, the exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules 2014; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the .....

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