Section 35AC eligibility extension for Mahavir Heart Research Foundation and increased allowable project cost for tax deduction. Notification under section 35AC extends Mahavir Heart Research Foundation's eligible project-detection, prevention, research and education; heart diagnosis, curing and operations; and Atithi Griha-for three financial years beginning 2014-15, following the National Committee's recommendation under rule 11M(5). The Central Government also amends the earlier notification to increase the maximum cost allowed as deduction under section 35AC by substituting the previously stated amount with a higher figure for the notified period.
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Section 35AC eligibility extension for Mahavir Heart Research Foundation and increased allowable project cost for tax deduction.
Notification under section 35AC extends Mahavir Heart Research Foundation's eligible project-detection, prevention, research and education; heart diagnosis, curing and operations; and Atithi Griha-for three financial years beginning 2014-15, following the National Committee's recommendation under rule 11M(5). The Central Government also amends the earlier notification to increase the maximum cost allowed as deduction under section 35AC by substituting the previously stated amount with a higher figure for the notified period.
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