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Tax exemption for eligible projects extended; CSR funds excluded from exemption under applicable rules notification. Notification extends the tax-exempt status under section 35AC to the 'Infrastructure development & corpus fund' project by Ramakrishna Mission Sevashrama for a further three financial years, with the approved cost unchanged and the corpus fund included; the National Committee recommended extension on proper execution grounds and the Central Government issued the extension under the Income-tax Act and rules.
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Tax exemption for eligible projects extended; CSR funds excluded from exemption under applicable rules notification.
Notification extends the tax-exempt status under section 35AC to the "Infrastructure development & corpus fund" project by Ramakrishna Mission Sevashrama for a further three financial years, with the approved cost unchanged and the corpus fund included; the National Committee recommended extension on proper execution grounds and the Central Government issued the extension under the Income-tax Act and rules.
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