Income Tax exemption under section 35AC extended for Outreach Caring Hands project, excluding funds received under CSR Schedule VII. The notification extends eligibility for the section 35AC exemption to the 'Outreach Caring Hands' project of Rajah Charitable Medical Trust for three years beginning 2016-17, retaining the approved project cost, based on the National Committee's recommendation that the project is being properly executed. It expressly excludes from the section 35AC exemption any funds received under Schedule VII of the Companies Act pursuant to CSR rules.
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.
Income Tax exemption under section 35AC extended for Outreach Caring Hands project, excluding funds received under CSR Schedule VII.
The notification extends eligibility for the section 35AC exemption to the "Outreach Caring Hands" project of Rajah Charitable Medical Trust for three years beginning 2016-17, retaining the approved project cost, based on the National Committee's recommendation that the project is being properly executed. It expressly excludes from the section 35AC exemption any funds received under Schedule VII of the Companies Act pursuant to CSR rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.