https://www.taxtmi.com/acts?id=3721 Rule 11N regulates the sitting fee, travel reimbursement, accommodation allowance, and other expenditure of the National Committee for Promotion of Social and Economic Welfare. It also requires the Committee, before approving a company's project or scheme, to ensure that any capital asset created is immediately divested on completion in favour of the prescribed beneficiaries, depending on the nature of the project. The company must furnish completion details, and the Committee may withdraw approval after hearing if it is not satisfied with completion or divestment compliance. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 19 May 2026 11:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3721 Rule 11N regulates the sitting fee, travel reimbursement, accommodation allowance, and other expenditure of the National Committee for Promotion of Social and Economic Welfare. It also requires the Committee, before approving a company's project or scheme, to ensure that any capital asset created is immediately divested on completion in favour of the prescribed beneficiaries, depending on the nature of the project. The company must furnish completion details, and the Committee may withdraw approval after hearing if it is not satisfied with completion or divestment compliance. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3721