Notification u/s 35AC- Notifies the scheme or project for Running of Founding-cum-adoption center for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, Teynampet, Chennai - 98/2012 - Income Tax Act, 1961
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Extension of eligible project status under section 35AC; deduction limit increased for the founding cum adoption centre scheme. Notification under section 35AC extends the Karna Prayag Trust's Running of Founding-cum-adoption Centre at Teynampet as an eligible project for three further years commencing financial year 2013-14 (2013-14 to 2015-16) and amends the maximum project cost allowable for deduction, substituting the previously notified amount with a revised higher project cost; the extension and amendment follow the National Committee's recommendation and prior successive cost and corpus fund amendments.
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Extension of eligible project status under section 35AC; deduction limit increased for the founding cum adoption centre scheme.
Notification under section 35AC extends the Karna Prayag Trust's Running of Founding-cum-adoption Centre at Teynampet as an eligible project for three further years commencing financial year 2013-14 (2013-14 to 2015-16) and amends the maximum project cost allowable for deduction, substituting the previously notified amount with a revised higher project cost; the extension and amendment follow the National Committee's recommendation and prior successive cost and corpus fund amendments.
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