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    <description>Amendment to the section 35AC notification extends the Integrated Rural Development Project by Jankidevi Bajaj Gram Vikas Sanstha for three financial years from 2016-17, expands its area of work to all states of the Union, and increases the maximum project cost allowed for deduction. The National Committee recommended the changes based on project execution and projected enhancements. The exemption under section 35AC is expressly made inapplicable to funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules, 2014.</description>
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