Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: VAT Audit :: articles on VAT and GST in India :: VAT RATES :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: due date for vat payment
 
 
Latest Circulars »
  Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector
 Auction of Government of India Dated Securities July 24, 2017
 RBI to conduct 7 day Variable Rate Reverse Repo Auction under LAF on July 24, 2017
 Results of Underwriting Auctions Conducted on July 20, 2017
 Master Circular – Detection and Impounding of Counterfeit Notes
 Monitoring of Foreign Investment under PIS in Indian Companies – M/s The Byke Hospitality Limited - 1. Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24% to 40% Removal from the FIIs/ FPIs Caution List
 RBI's Monthly Bulletin for July 2017
 Financial Action Task Force (FATF) Public Statement dated June 23, 2017
 All-India House Price Index (HPI) recorded marginal increase in Q4:2016-17
 Auction of Government of India Dated Securities July 17, 2017
 RBI-Interest rates for Small Savings Schemes

NOTIFICATION NO. 45/2007, DATED 15-2-2007
February, 15th 2007

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), Number S.O.676(E), dated the 10th August, 1998, issued under sub-section (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 8, for Construction of a school building and running of SOS Children's Village at Tamvaram East, Chennai, Tamil Nadu by SOS Children's Villages of India-Chatnath Homes, 7, Raja Krishna Rao Road, Teynampet, Chennai-600018 as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification Number S.O.568(E), dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-03 and which was extended further vide notification Number S.O.793(E), dated the 5th July, 2004 for a period of three years beginning with financial year 2004-05;

AND WHEREAS the said project or scheme is likely to extend beyond twelve years;

AND WHEREAS the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years and enhancing the project cost from Rs. 60.00 lakhs to Rs. 105.00 lakhs;

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 Income-tax Act, 1961 (43 of 1961), hereby -

(a)specifies the scheme or project for Construction of a school building and running of SOS Children's Village at Tamvaram East, Chennai, Tamil Nadu, which is being carried out by SOS Children's Villages of India-Chatnath Homes, 7, Raja Krishna Rao Road, Teynampet, Chennai- 600018, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07; and

(b)further amends the said notification Number SO. 676(E), dated the 10th August, 1998, to the following effect, namely :-

In the said notification, in the Table against serial Number 8, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC, for the letters, figures and word, "Rs. 60.00 lakhs", the letters, figures and word "Rs. 105.00 lakhs" shall be substituted.

                                                                                             [F. No. NC-274/04/2006]

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions