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Eligible project notification extended for hospital equipment and corpus fund, preserving tax-deduction eligibility for the trust. Under Section 35AC, the Central Government notifies the project for purchase of hospital equipment and raising a corpus fund by Jivan Jyot Charitable Trust, Patan, Gujarat, as an eligible project for tax-deduction purposes. Following a recommendation under sub-rule (5) of rule 11M by the National Committee for Promotion of Social and Economic Welfare, the project is extended for three additional financial years commencing 2014-15 through 2016-17, without any change to the previously approved cost of Rs. 14.44 crore including a corpus of Rs. 7.00 crore.
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Eligible project notification extended for hospital equipment and corpus fund, preserving tax-deduction eligibility for the trust.
Under Section 35AC, the Central Government notifies the project for purchase of hospital equipment and raising a corpus fund by Jivan Jyot Charitable Trust, Patan, Gujarat, as an eligible project for tax-deduction purposes. Following a recommendation under sub-rule (5) of rule 11M by the National Committee for Promotion of Social and Economic Welfare, the project is extended for three additional financial years commencing 2014-15 through 2016-17, without any change to the previously approved cost of Rs. 14.44 crore including a corpus of Rs. 7.00 crore.
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