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Exemption u/s 35AC - Central Government had specified for Construction of building for old age home complex at Andhra Pradesh, by Srikakulam, Vyaodhikula Sangham as an eligible project or scheme - Amendment in N. No. S.O.I 140(E) dated the 18th November, 1999 - 099/2005 - Income Tax Act, 1961
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Exemption under section 35AC extended for Srikakulam old age home project; corpus fund component of deductible cost increased. Central Government specifies the Srikakulam old age home construction by Srikakulam Vyaodhikula Sangham as an eligible project for a further two years commencing financial year 2004-2005, following the National Committee's recommendation that the project is properly executed. The notification amends the earlier notification's table entry to increase the corpus fund component of the maximum project cost allowed as a deduction, substituting the previous corpus fund figure with the higher amount.
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Exemption under section 35AC extended for Srikakulam old age home project; corpus fund component of deductible cost increased.
Central Government specifies the Srikakulam old age home construction by Srikakulam Vyaodhikula Sangham as an eligible project for a further two years commencing financial year 2004-2005, following the National Committee's recommendation that the project is properly executed. The notification amends the earlier notification's table entry to increase the corpus fund component of the maximum project cost allowed as a deduction, substituting the previous corpus fund figure with the higher amount.
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