Deduction under section 35AC increased for Swami Vivekananda Education Trust's eligible project, raising allowable project cost. The Central Government amends the earlier notification under the Explanation to Section 35AC to increase the maximum amount of cost to be allowed as deduction for Swami Vivekananda Education Trust's eligible project, substituting the earlier notified project cost with the enhanced project cost following a recommendation by the National Committee for Promotion of Social and Economic Welfare and rule 11M(5) of the Income-tax Rules, 1962.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under section 35AC increased for Swami Vivekananda Education Trust's eligible project, raising allowable project cost.
The Central Government amends the earlier notification under the Explanation to Section 35AC to increase the maximum amount of cost to be allowed as deduction for Swami Vivekananda Education Trust's eligible project, substituting the earlier notified project cost with the enhanced project cost following a recommendation by the National Committee for Promotion of Social and Economic Welfare and rule 11M(5) of the Income-tax Rules, 1962.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
