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Deduction under section 35AC: eligible project cost limit for Narayan Seva Sanstha increased, altering allowable expenditure. The notification amends the earlier section 35AC listing for Narayan Seva Sanstha's Udaipur rehabilitation and research project by increasing the maximum project cost allowed as a deduction from Rs. 64.28 crore including a corpus fund of Rs. 2 crore to Rs. 104.40 crore including a corpus fund of Rs. 2 crore, following a recommendation of the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules, 1962 confirming proper execution of the project.
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Deduction under section 35AC: eligible project cost limit for Narayan Seva Sanstha increased, altering allowable expenditure.
The notification amends the earlier section 35AC listing for Narayan Seva Sanstha's Udaipur rehabilitation and research project by increasing the maximum project cost allowed as a deduction from Rs. 64.28 crore including a corpus fund of Rs. 2 crore to Rs. 104.40 crore including a corpus fund of Rs. 2 crore, following a recommendation of the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules, 1962 confirming proper execution of the project.
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