Project cost ceiling under section 35AC increased for Empathy Foundation's school project, raising the deductible limit. The Central Government amends the prior notification to increase the maximum allowable project cost for Empathy Foundation's school renovation and construction project, substituting the earlier notified ceiling with a higher approved amount, thereby changing the cap on expenditure eligible for deduction under the statutory tax provision.
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Project cost ceiling under section 35AC increased for Empathy Foundation's school project, raising the deductible limit.
The Central Government amends the prior notification to increase the maximum allowable project cost for Empathy Foundation's school renovation and construction project, substituting the earlier notified ceiling with a higher approved amount, thereby changing the cap on expenditure eligible for deduction under the statutory tax provision.
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