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U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Sevalaya, Kasuva, Tamil Nadu

Income Tax - S.O.1509 (E) - Dated:- 26-4-2016 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 26/2016 New Delhi, the 26th April, 2016 S.O.1509 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Departm .....

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ct to meet the running expenses of the school and to build corpus fund by Sevalaya, Kasuva Village, Pakkam PO near Thiruninravur, 602024, Tamil Nadu , as an eligible project or scheme for a period of three years beginning with financial year 2007-08; .....

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ending with financial year 2015-16; And whereas the said project or scheme is likely to extend beyond nine years; And whereas the project cost is likely to enhance from ₹ 4.00 crore including a corpus fund of ₹ 3.00 crore to ₹ 10.0 .....

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b-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.and for amending the project cost from ₹ 4.00 crore including a corpus fund of ₹ 3.00 crore to ₹ 10.00 .....

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nt, in exercise of the powers conferred by sub- section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), (a) hereby notifies the scheme or project Sevalaya School expenses project to meet the runni .....

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