Exexption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore by Maria Seva Sangha as an eligible project or scheme for a period of three years - Amendment in N. No. S.O.469(E), dated the 2nd July 1996 - 225/2006 - Income Tax Act, 1961
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Eligible project specification: Mid-day Meal scheme extended and maximum allowable cost increased under section 35AC. The Central Government specifies the Mid-day Meal Scheme run by Maria Seva Sangha in three Bangalore schools as an eligible project for income-tax deduction purposes for a further three-year period commencing with the financial year 2006-07 and amends the earlier notification to increase the maximum amount of project cost allowed as deduction to a revised higher ceiling, following the National Committee's recommendation under the relevant rule.
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Eligible project specification: Mid-day Meal scheme extended and maximum allowable cost increased under section 35AC.
The Central Government specifies the Mid-day Meal Scheme run by Maria Seva Sangha in three Bangalore schools as an eligible project for income-tax deduction purposes for a further three-year period commencing with the financial year 2006-07 and amends the earlier notification to increase the maximum amount of project cost allowed as deduction to a revised higher ceiling, following the National Committee's recommendation under the relevant rule.
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