Deduction under section 35AC: government approves enhanced project cost for Bharti Foundation's eligible education scheme. The Central Government amends the earlier notification designating Bharti Foundation's 'Satya Bharti Schools' as an eligible project by substituting the previously notified maximum project cost and corpus fund figures with higher figures, thereby increasing the ceiling for expenditure eligible for deduction under section 35AC of the Income tax Act, following a recommendation of the National Committee for Promotion of Social and Economic Welfare.
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Deduction under section 35AC: government approves enhanced project cost for Bharti Foundation's eligible education scheme.
The Central Government amends the earlier notification designating Bharti Foundation's "Satya Bharti Schools" as an eligible project by substituting the previously notified maximum project cost and corpus fund figures with higher figures, thereby increasing the ceiling for expenditure eligible for deduction under section 35AC of the Income tax Act, following a recommendation of the National Committee for Promotion of Social and Economic Welfare.
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