U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Vatsalya Trust, Mumbai

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....der clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 9, "i)Orphanage, ii) Balika Ashrama ,(iii) Old age home, (iv) Child parents guidance centers", by "Vatsalya Trust, C-2/32, Shree Vijay Kunj Society, Kanjur Marg (East), Mumbai 400042", as an eligible project or scheme, at the estimated cost of ₹ 1.9....

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....nder sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for amending the project cost from ₹ 1.92 crore to ₹ 5.00 crore for the approved period i.e. upto financial years 2016-17; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to Section 35AC of the Inco....