Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Rural Development Projects at Nawalgarh Block of Jhunjhunu District and Shekhawati Region Comprising Jhunjhunu, Sikar and Churu Districts of Rajasthan, by M.R. Morarka-GDC Rural Research Foundation - 317/2002 - Income Tax Act, 1961
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Eligible project status extended under tax provision; amendment to project cost and corpus fund by central government Central Government specifies the Rural Development Project at Nawalgarh Block and the Shekhawati region, carried out by M.R. Morarka GDC Rural Research Foundation, as an eligible project for tax incentive purposes for a further three year period beginning with assessment year 2001 2002, following the National Committee's recommendation of proper execution and extension. The notification further amends the earlier notification by increasing the maximum permissible project cost in the table entry to a revised total, explicitly including a corpus fund.
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Eligible project status extended under tax provision; amendment to project cost and corpus fund by central government
Central Government specifies the Rural Development Project at Nawalgarh Block and the Shekhawati region, carried out by M.R. Morarka GDC Rural Research Foundation, as an eligible project for tax incentive purposes for a further three year period beginning with assessment year 2001 2002, following the National Committee's recommendation of proper execution and extension. The notification further amends the earlier notification by increasing the maximum permissible project cost in the table entry to a revised total, explicitly including a corpus fund.
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