Exemption u/s 35AC of the income tax act 1961, the central govt. had specified for 'Integrated Rural Development Project' by Bhansali Trust as an eligible project or scheme - Amendment in N. No. S.O.60(E) dated the 22nd January, 2003 - S.O. 1479(E) - Income Tax Act, 1961
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Tax exemption under section 35AC extended for integrated rural development project with amended cost and extended period. Central Government amended the notification under section 35AC to extend the eligibility of the 'Integrated Rural Development Project' by Bhansali Trust for three years beginning with financial year 2008-09, and substituted an increased maximum project cost in the Table of the original notification, pursuant to the National Committee's recommendation and powers under sub-section (1) read with clause (b) of the Explanation to section 35AC.
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Tax exemption under section 35AC extended for integrated rural development project with amended cost and extended period.
Central Government amended the notification under section 35AC to extend the eligibility of the "Integrated Rural Development Project" by Bhansali Trust for three years beginning with financial year 2008-09, and substituted an increased maximum project cost in the Table of the original notification, pursuant to the National Committee's recommendation and powers under sub-section (1) read with clause (b) of the Explanation to section 35AC.
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