Section 35AC - Eligible projects or schemes - recommendations of the National Committee for Promotion of Social and Economic Welfare - 60/2016 - S.O. 2611 (E) - Income Tax
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Tax exemption for notified charitable projects extended through 2016 17; certain projects receive sanctioned cost enhancements. The Central Government, on the National Committee's recommendation and under the Income Tax Act and Rules, notifies extensions of approval and, where specified, enhancements of sanctioned costs for listed charitable projects to preserve their eligibility for exemption under Section 35AC through the financial year 2016 17. The Table records each approved institution, its project, prior notifications and costs, and the Committee's recommended maximum cost and extended approval period. The exemption expressly excludes funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules.
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Tax exemption for notified charitable projects extended through 2016 17; certain projects receive sanctioned cost enhancements.
The Central Government, on the National Committee's recommendation and under the Income Tax Act and Rules, notifies extensions of approval and, where specified, enhancements of sanctioned costs for listed charitable projects to preserve their eligibility for exemption under Section 35AC through the financial year 2016 17. The Table records each approved institution, its project, prior notifications and costs, and the Committee's recommended maximum cost and extended approval period. The exemption expressly excludes funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules.
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