Extension of eligible project status and increased deduction ceiling for orphanage maintenance and renovation scheme. The Central Government, on the National Committee's recommendation that execution is proper, re-notifies Manav Mandir Mission Trust's 'Orphanage Maintenance and Renovation of Building' as an eligible project for three additional financial years beginning 2015-16 and amends the earlier notification to increase the maximum project cost allowed for deduction purposes, thereby raising the deduction ceiling under the income-tax regime for qualifying contributions to that scheme.
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Extension of eligible project status and increased deduction ceiling for orphanage maintenance and renovation scheme.
The Central Government, on the National Committee's recommendation that execution is proper, re-notifies Manav Mandir Mission Trust's "Orphanage Maintenance and Renovation of Building" as an eligible project for three additional financial years beginning 2015-16 and amends the earlier notification to increase the maximum project cost allowed for deduction purposes, thereby raising the deduction ceiling under the income-tax regime for qualifying contributions to that scheme.
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