Tax deduction eligibility under Section 35AC extended for the Sevalaya children's home project for a further three-year period. Notification under Section 35AC designates the 'Children's Home Project' by Sevalaya, Thiruninravur, as an eligible project for an additional three financial years commencing 2015-16, with no change in the approved cost of Rs. 3.63 crore, including a corpus fund of Rs. 3.00 crore, following the National Committee's recommendation under sub rule (5) of rule 11M of the Income tax Rules, 1962.
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Tax deduction eligibility under Section 35AC extended for the Sevalaya children's home project for a further three-year period.
Notification under Section 35AC designates the "Children's Home Project" by Sevalaya, Thiruninravur, as an eligible project for an additional three financial years commencing 2015-16, with no change in the approved cost of Rs. 3.63 crore, including a corpus fund of Rs. 3.00 crore, following the National Committee's recommendation under sub rule (5) of rule 11M of the Income tax Rules, 1962.
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