Exemption u/s 35AC -specified at serial number 3, 'Construction of building for old age home complex at Srikakulam, Andhra Pradesh' by Srikakulam vayodhikula Sangham, (Srikakulam Elders Association) D.No 7-6-44 Burravari Thota, Srikakulam, Andhra Pradesh as an eligible project or scheme - 94/2009 - Income Tax Act, 1961
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Exemption under section 35AC specified for old age home construction, extended and project cost increased. Exemption under section 35AC is specified for the 'Construction of building for old age home complex at Srikakulam, Andhra Pradesh' carried out by Srikakulam Vayodhikula Sangham as an eligible project for a further three years beginning with financial year 2009-2010. The notification also amends the maximum allowable project cost for deduction, substituting the earlier amount with Rs.30.00 lakh plus a corpus fund of Rs.20.00 lakhs following the National Committee's recommendation.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC specified for old age home construction, extended and project cost increased.
Exemption under section 35AC is specified for the "Construction of building for old age home complex at Srikakulam, Andhra Pradesh" carried out by Srikakulam Vayodhikula Sangham as an eligible project for a further three years beginning with financial year 2009-2010. The notification also amends the maximum allowable project cost for deduction, substituting the earlier amount with Rs.30.00 lakh plus a corpus fund of Rs.20.00 lakhs following the National Committee's recommendation.
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