Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Integrated Rural Development through health and medical services by SEWA-Rural (Society for Education, Welfare and Action-Rural) - 262/2002 - Income Tax Act, 1961
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Section 35AC eligibility extended for SEWA Rural project with renewed three year specification and revised project cost cap. The Central Government re specifies SEWA Rural's Integrated Rural Development project as an eligible project or scheme under the Explanation to section 35AC for a further three year period beginning with assessment year 2003 2004 and amends the notified maximum project cost to a higher figure that includes a corpus fund, following the National Committee's recommendation under the Income tax Rules.
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Section 35AC eligibility extended for SEWA Rural project with renewed three year specification and revised project cost cap.
The Central Government re specifies SEWA Rural's Integrated Rural Development project as an eligible project or scheme under the Explanation to section 35AC for a further three year period beginning with assessment year 2003 2004 and amends the notified maximum project cost to a higher figure that includes a corpus fund, following the National Committee's recommendation under the Income tax Rules.
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