Section 35AC deduction: extension and amendment of eligible project for free medical aid, increasing cost and adding corpus. The Central Government, exercising powers under section 35AC, has specified the Gujarat Sarvar Mandal project for free medical aid as an eligible project for a further three year period and clarified that no exemption is available for the lapsed financial year. The National Committee recommended, and the notification implements, an upward revision of the notified maximum allowable project cost and the addition of a corpus fund, by amending the Table in the original notification, thereby altering the amounts of expenditure that qualify for deduction under section 35AC.
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Section 35AC deduction: extension and amendment of eligible project for free medical aid, increasing cost and adding corpus.
The Central Government, exercising powers under section 35AC, has specified the Gujarat Sarvar Mandal project for free medical aid as an eligible project for a further three year period and clarified that no exemption is available for the lapsed financial year. The National Committee recommended, and the notification implements, an upward revision of the notified maximum allowable project cost and the addition of a corpus fund, by amending the Table in the original notification, thereby altering the amounts of expenditure that qualify for deduction under section 35AC.
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