U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Shri Jalaram Arogya Sewa Trust, Gujarat - S.O. 3050(E) - Income Tax

Eligible Project Extension under Section 35AC: hospital expansion approved for further three-year period with increased project cost ceiling.

The Central Government notifies the hospital expansion project by Shri Jalaram Arogya Sewa Trust as an eligible project under section 35AC for a further three financial years commencing 2015-16, following the National Committee's recommendation that the project is being executed properly. The notification also amends the earlier notification to increase the maximum project cost allowable for deduction under section 35AC, substituting the previous cost ceiling with an enhanced figure.