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U/s. 35AC IT ACT 1961 - Eligible Projects or Schemes Expenditure On - Valluvar Gurukulam Chennai

U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Valluvar Gurukulam, Chennai - Income Tax - S.O.1520 (E) - Dated:- 26-4-2016 - MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 37/2016 New Delhi, the 26th April, 2016 S.O.1520 (E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.614(E) dated 18.03.2010, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the In .....

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roject 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 specifying 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 Comp .....

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