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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Govt amends tax deduction under Section 35AC for Mamta Lachmi Rotary Charitable Society, revises limit to Rs. 38.82 lakhs.</h1> The Central Government, based on the National Committee's recommendations, has amended Notification No. S.O. 698(E) dated October 3, 1997, under Section 35AC of the Income-tax Act, 1961. The amendment pertains to the Mamta Lachmi Rotary Charitable Society in Adipur, Kutch, Gujarat. The maximum amount of cost allowed as a deduction under Section 35AC has been revised from 'Rs. 19 lakhs plus a corpus fund of Rs. 15 lakhs' to 'Rs. 38.82 lakhs (including a corpus fund of Rs. 15 lakhs).'
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