Notification Under Section 35AC in respect of National Committee for Promotion of Social and Economic Welfare. - F.NO.V-27015/2/2013 -SO (NAT.COM) - Income Tax
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Deduction under Section 35AC: specified institutions' approved projects allowed tax-deduction ceilings for three specified financial years. The notification designates specified non-profit institutions and approves particular projects, stating estimated project costs and fixing the maximum amount of such cost eligible for deduction under Section 35AC. Fifteen named institutions and their discrete projects are listed, some including corpus funds, with each project's deductible ceiling specified. The approval is time limited to three financial years commencing with 2013 14, and the amounts in the Table constitute the maximum deduction allowable under the statutory provision for that period.
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Provisions expressly mentioned in the judgment/order text.
Deduction under Section 35AC: specified institutions' approved projects allowed tax-deduction ceilings for three specified financial years.
The notification designates specified non-profit institutions and approves particular projects, stating estimated project costs and fixing the maximum amount of such cost eligible for deduction under Section 35AC. Fifteen named institutions and their discrete projects are listed, some including corpus funds, with each project's deductible ceiling specified. The approval is time limited to three financial years commencing with 2013 14, and the amounts in the Table constitute the maximum deduction allowable under the statutory provision for that period.
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