Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stry of Finance (Department of Revenue) number S.O. 1145(E) dated the 16th July, 2007 , 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 3, Sevalaya School expenses project to meet the running expenses of the school and to build corpus fund by Sevalaya, Kasuva Village, Pakkam PO near Thi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 007 , to the following effect, namely :- In the said notification, in the Table against serial number 3 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC of Income Tax Act, 1961 , for the letters, figures and words Rs.4.00 crore including a corpus fund of ₹ 3.00 crore , the letters, figures and words Rs. 10.00 crore including a corpus fu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates