Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of school building and other related items and running expenses of the school (Janana Prabodhini Vidyalay) at Maharashtra, by Janana Pravodhini-156-D Railway Lines - 315/2002 - Income Tax Act, 1961
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Specification under Section 35AC: education project designated eligible and project cost amended, enabling extended tax deduction eligibility. The Central Government, under the Explanation to section 35AC, specifies the Janana Prabodhini Vidyalay school construction and related expenses at Village Harali, Osmanabad, executed by Janana Pravodhini, Solapur, as an eligible project for a further three-year period beginning assessment year 2003-2004, and amends the earlier notification by substituting the previously stated maximum project cost with a reduced project cost amount following the National Committee's recommendation.
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Specification under Section 35AC: education project designated eligible and project cost amended, enabling extended tax deduction eligibility.
The Central Government, under the Explanation to section 35AC, specifies the Janana Prabodhini Vidyalay school construction and related expenses at Village Harali, Osmanabad, executed by Janana Pravodhini, Solapur, as an eligible project for a further three-year period beginning assessment year 2003-2004, and amends the earlier notification by substituting the previously stated maximum project cost with a reduced project cost amount following the National Committee's recommendation.
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