Deduction under Section 35AC extended for Integrated Rural Development Project; eligible period and project cost amended. The Central Government re notified the Integrated Rural Development Project carried out by Bhansali Trust as an eligible project for deduction purposes under the Income tax Act, extending the notification for three additional financial years beginning with 2011-12, and amended the earlier notification to increase the maximum allowable project cost for deduction to a higher sanctioned amount following the National Committee's recommendation.
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Deduction under Section 35AC extended for Integrated Rural Development Project; eligible period and project cost amended.
The Central Government re notified the Integrated Rural Development Project carried out by Bhansali Trust as an eligible project for deduction purposes under the Income tax Act, extending the notification for three additional financial years beginning with 2011-12, and amended the earlier notification to increase the maximum allowable project cost for deduction to a higher sanctioned amount following the National Committee's recommendation.
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