Tax exemption under section 35AC extended for specified rehabilitation project; CSR funds excluded for three financial years. Notification designates the Shanthivanam Rehabilitation Centre for Mentally disabled patients-run by Udavum Karangal-as an eligible project under section 35AC for a further three-year period commencing 2016-17 on the same approved cost including an identified corpus fund, on recommendation of the National Committee; it expressly excludes funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules, 2014 from the section 35AC exemption.
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Tax exemption under section 35AC extended for specified rehabilitation project; CSR funds excluded for three financial years.
Notification designates the Shanthivanam Rehabilitation Centre for Mentally disabled patients-run by Udavum Karangal-as an eligible project under section 35AC for a further three-year period commencing 2016-17 on the same approved cost including an identified corpus fund, on recommendation of the National Committee; it expressly excludes funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules, 2014 from the section 35AC exemption.
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