Deductibility under section 35AC extended for National Association for the Blind with increased allowable project cost. The Central Government renews notification of the project 'National Association for the Blind' as an eligible project for deduction under section 35AC for a further three-year period commencing with the 2014-15 financial year, following the National Committee's recommendation that the project is being properly executed. The notification also amends the previously specified maximum allowable project cost by substituting the earlier figure with a higher project cost for deduction purposes, effectuating the Committee's recommendation under the Income-tax Rules and the powers vested in the Central Government.
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Deductibility under section 35AC extended for National Association for the Blind with increased allowable project cost.
The Central Government renews notification of the project "National Association for the Blind" as an eligible project for deduction under section 35AC for a further three-year period commencing with the 2014-15 financial year, following the National Committee's recommendation that the project is being properly executed. The notification also amends the previously specified maximum allowable project cost by substituting the earlier figure with a higher project cost for deduction purposes, effectuating the Committee's recommendation under the Income-tax Rules and the powers vested in the Central Government.
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