Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961 Section 35AC of the Income Tax Act 1961, inter alia provides for a deduction in computing the business income of an assessee, of the amount paid by him to a Public Sector company or a local authority or to an … [Read more...] about Approval of Eligible Projects or Schemes under Section 35AC of the Income Tax Act, 1961
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