Deduction under section 35AC: notification approves specified charitable projects and caps allowable expenditure for tax deduction. Notification under section 35AC approves named institutions and specifies eligible charitable projects or schemes, stating estimated project costs and the maximum amount of such cost allowable as a deduction. Projects include drinking water, medical treatment and facilities, rehabilitation, slum rehousing, blood-bank equipment, education and rural development, hospital renovation, and community infrastructure. The notification pairs each institution with a project, its projected expenditure and the capped deductible amount, and limits temporal applicability for certain entries by reference to specific assessment years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under section 35AC: notification approves specified charitable projects and caps allowable expenditure for tax deduction.
Notification under section 35AC approves named institutions and specifies eligible charitable projects or schemes, stating estimated project costs and the maximum amount of such cost allowable as a deduction. Projects include drinking water, medical treatment and facilities, rehabilitation, slum rehousing, blood-bank equipment, education and rural development, hospital renovation, and community infrastructure. The notification pairs each institution with a project, its projected expenditure and the capped deductible amount, and limits temporal applicability for certain entries by reference to specific assessment years.
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