Tax deduction under Section 35AC extended for SOS Children's Villages with increased project cost cap. The scheme administered by SOS Children's Villages of India is notified as an eligible project under Section 35AC for a further three year period commencing with financial year 2015 16, following the National Committee's recommendation. The notification also amends the original entry to substitute the prior project cost ceiling with an enhanced project cost, thereby changing the maximum amount of cost to be allowed as deduction under Section 35AC for the extended period.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction under Section 35AC extended for SOS Children's Villages with increased project cost cap.
The scheme administered by SOS Children's Villages of India is notified as an eligible project under Section 35AC for a further three year period commencing with financial year 2015 16, following the National Committee's recommendation. The notification also amends the original entry to substitute the prior project cost ceiling with an enhanced project cost, thereby changing the maximum amount of cost to be allowed as deduction under Section 35AC for the extended period.
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