U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Vishwas – Vision for health, welfare and special needs, New Delhi - S.O.1522 (E) - Income Tax
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Income-tax exemption extended for Vishwas project; corporate CSR funds excluded under Companies Act per rules. Notification extends eligibility under Section 35AC for the Vishwas project 'Resource Development on Sustainable Inclusive Practices' for a further three-year period commencing 2016-17, without change to the approved aggregate cost and corpus fund; the extension follows the National Committee's recommendation that the project is being executed properly. The notification also specifies that the Section 35AC exemption shall not apply to funds received under corporate social responsibility provisions of the Companies Act and its 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 extended for Vishwas project; corporate CSR funds excluded under Companies Act per rules.
Notification extends eligibility under Section 35AC for the Vishwas project "Resource Development on Sustainable Inclusive Practices" for a further three-year period commencing 2016-17, without change to the approved aggregate cost and corpus fund; the extension follows the National Committee's recommendation that the project is being executed properly. The notification also specifies that the Section 35AC exemption shall not apply to funds received under corporate social responsibility provisions of the Companies Act and its CSR rules.
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