Tax exemption extension for designated charitable project continues for three years, excluding CSR-sourced funds from benefit. Notification extends designation of the charitable project 'Enhancement of the activities of present Nivedita Orphanage Home and Old age Home 'Sankalp'' as an eligible project for a further three-year period commencing 2015-16, preserves the approved cost and corpus allocation, and states that no certificate will be issued for the already-lapsed 2015-16 year. It further excludes funds received under corporate social responsibility mechanisms under the Companies Act and CSR rules from the tax exemption.
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Tax exemption extension for designated charitable project continues for three years, excluding CSR-sourced funds from benefit.
Notification extends designation of the charitable project "Enhancement of the activities of present Nivedita Orphanage Home and Old age Home 'Sankalp'" as an eligible project for a further three-year period commencing 2015-16, preserves the approved cost and corpus allocation, and states that no certificate will be issued for the already-lapsed 2015-16 year. It further excludes funds received under corporate social responsibility mechanisms under the Companies Act and CSR rules from the tax exemption.
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