Tax exemption extension for eligible social welfare project: dialysis centre re-notified for three years; CSR funds excluded. The Central Government re-notifies the 'Dialysis Centre for Patients' run by Surat Manav Seva Sangh as an eligible project under Section 35AC for a further three-year period beginning 2016-17 at the approved corpus cost, following the National Committee's recommendation; the notification clarifies that the Section 35AC exemption does not apply to funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.
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Tax exemption extension for eligible social welfare project: dialysis centre re-notified for three years; CSR funds excluded.
The Central Government re-notifies the "Dialysis Centre for Patients" run by Surat Manav Seva Sangh as an eligible project under Section 35AC for a further three-year period beginning 2016-17 at the approved corpus cost, following the National Committee's recommendation; the notification clarifies that the Section 35AC exemption does not apply to funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.
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