Exemption 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 - Amendment in N. No S.0.469(E) dated the 2nd July, 1996 - 323/2003 - Income Tax Act, 1961
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Tax exemption under section 35AC expanded for a mid-day meal scheme; approved project cost increased. The Central Government amends the earlier notification specifying the Mid-day Meal Scheme run by Maria Seva Sangha in three Bangalore schools as an eligible project under the Income-tax Act and, following the National Committee's recommendation, increases the approved project cost from Rs. 15.00 lakhs to Rs. 30.00 lakhs, thereby substituting the approved cost in the original notification.
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Tax exemption under section 35AC expanded for a mid-day meal scheme; approved project cost increased.
The Central Government amends the earlier notification specifying the Mid-day Meal Scheme run by Maria Seva Sangha in three Bangalore schools as an eligible project under the Income-tax Act and, following the National Committee's recommendation, increases the approved project cost from Rs. 15.00 lakhs to Rs. 30.00 lakhs, thereby substituting the approved cost in the original notification.
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