Notification Under Section 35AC in respect of Upliftment of S.T through educational and vocational training by Chil Chil Asian Mission Society, Kanglatongbi - 97/2010 - Income Tax Act, 1961
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Section 35AC eligibility extended for tribal upliftment project, enabling continued tax-deduction support with increased approved project cost. The Central Government specifies the 'Upliftment of S.T. through educational and vocational training' project by Chil Chil Asian Mission Society as an eligible project under the Explanation to Section 35AC for a further three financial years commencing with 2010-11, following a committee recommendation that the scheme is being executed properly and is likely to extend beyond its initial period. The notification also amends the earlier designation to increase the maximum project cost permitted for deduction under the scheme, substituting the previously approved cost with a higher approved cost.
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Section 35AC eligibility extended for tribal upliftment project, enabling continued tax-deduction support with increased approved project cost.
The Central Government specifies the "Upliftment of S.T. through educational and vocational training" project by Chil Chil Asian Mission Society as an eligible project under the Explanation to Section 35AC for a further three financial years commencing with 2010-11, following a committee recommendation that the scheme is being executed properly and is likely to extend beyond its initial period. The notification also amends the earlier designation to increase the maximum project cost permitted for deduction under the scheme, substituting the previously approved cost with a higher approved cost.
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