Section 35AC - Eligible projects or schemes - recommendations of the National Committee for Promotion of Social and Economic Welfare - 59/2016-S.O. 2380 (E) - Income Tax
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Tax deduction for notified projects: approved institutions may claim limited annual deductions subject to listed caps and exclusions. Notification approves named institutions' projects as eligible for a tax deduction, listing each project's estimated cost and prescribing the maximum deductible amount for the specified period of approval (financial year 2016 17). The deduction is restricted to the amounts and projects expressly approved in the Table and applies only for the period noted. Funds received under Schedule VII of the companies' law and the Companies (CSR) Rules are excluded from eligibility for the exemption.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction for notified projects: approved institutions may claim limited annual deductions subject to listed caps and exclusions.
Notification approves named institutions' projects as eligible for a tax deduction, listing each project's estimated cost and prescribing the maximum deductible amount for the specified period of approval (financial year 2016 17). The deduction is restricted to the amounts and projects expressly approved in the Table and applies only for the period noted. Funds received under Schedule VII of the companies' law and the Companies (CSR) Rules are excluded from eligibility for the exemption.
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