Deduction under section 35AC allowed for approved charitable projects; institutions and project-specific deduction limits notified. The Central Government, on the National Committee's recommendation, approves seven named institutions and specifies eligible projects and estimated costs for which donors may claim deductions under the relevant tax provision. The notification assigns a maximum amount of project cost allowable as deduction for each listed project and limits the operative period: the first project for two assessment years and the remaining six projects for three 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 allowed for approved charitable projects; institutions and project-specific deduction limits notified.
The Central Government, on the National Committee's recommendation, approves seven named institutions and specifies eligible projects and estimated costs for which donors may claim deductions under the relevant tax provision. The notification assigns a maximum amount of project cost allowable as deduction for each listed project and limits the operative period: the first project for two assessment years and the remaining six projects for three assessment years.
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