Deduction under section 35AC increased for Vyakti Vikas Kendra's notified tribal welfare project after government amendment. The Central Government, exercising powers under the Explanation to section 35AC of the Income tax Act, amends the earlier notification for the 'Tribal Schools and Welfare Initiatives' project executed by Vyakti Vikas Kendra India by substituting the previously authorised project cost in the notification table with the newly recommended higher project cost for the approved period up to the financial year 2015 16, following the National Committee's recommendation that the project is being properly executed.
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Deduction under section 35AC increased for Vyakti Vikas Kendra's notified tribal welfare project after government amendment.
The Central Government, exercising powers under the Explanation to section 35AC of the Income tax Act, amends the earlier notification for the "Tribal Schools and Welfare Initiatives" project executed by Vyakti Vikas Kendra India by substituting the previously authorised project cost in the notification table with the newly recommended higher project cost for the approved period up to the financial year 2015 16, following the National Committee's recommendation that the project is being properly executed.
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