Section 35AC of the Income-tax Act, 1961 - Eligible projects or scheme, expenditure on - Notified eligible projects or schemes - 10432 - Income Tax Act, 1961
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Tax deduction for notified charitable projects: specified institutions and projects qualify subject to prescribed eligible cost limits. Notification under Section 35AC approves specified charitable institutions and designates particular projects or schemes as eligible for deduction. For each listed institution the notification describes the project, gives an estimated cost, and specifies the maximum portion of that cost allowable as a deduction, sometimes identifying an amount to be retained as a corpus fund. Amendments to certain cost figures and corpus components are recorded in the notes.
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.
Tax deduction for notified charitable projects: specified institutions and projects qualify subject to prescribed eligible cost limits.
Notification under Section 35AC approves specified charitable institutions and designates particular projects or schemes as eligible for deduction. For each listed institution the notification describes the project, gives an estimated cost, and specifies the maximum portion of that cost allowable as a deduction, sometimes identifying an amount to be retained as a corpus fund. Amendments to certain cost figures and corpus components are recorded in the notes.
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