Exemption u/s 35AC – Amendments in Notification no. SO 54(E), dated the January 16, 1998 projects of 'Rural development project-construction of buildings for primary school, women and child welfare centre by Anuvrat Gram Bharti Sansthan - SO 1313(E) - Income Tax Act, 1961
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Exemption under section 35AC: project specification amended to increase the allowable project cost cap for a rural development project. The Central Government re-specifies the named rural development project carried out by Anuvrat Gram Bharti Sansthan as an eligible scheme under section 35AC and, following a recommendation from the National Committee for Promotion of Social and Economic Welfare under rule 11M, amends the earlier notification table to substitute the previously stated maximum project cost with a higher maximum project cost for deduction purposes.
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Exemption under section 35AC: project specification amended to increase the allowable project cost cap for a rural development project.
The Central Government re-specifies the named rural development project carried out by Anuvrat Gram Bharti Sansthan as an eligible scheme under section 35AC and, following a recommendation from the National Committee for Promotion of Social and Economic Welfare under rule 11M, amends the earlier notification table to substitute the previously stated maximum project cost with a higher maximum project cost for deduction purposes.
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