Deduction under Section 35AC: maximum allowable costs revised for listed charitable projects, affecting claims for the financial year. This corrigendum substitutes the previously published maximum deductible amounts under Section 35AC by replacing the figures in Column (4) with those in Column (5) of the appended table for the named institutions and projects; the revised maxima and their periods of approval apply for the specified financial year. The notification remains in force for that year as to the listed projects, and the Section 35AC deduction is explicitly excluded for funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.
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Deduction under Section 35AC: maximum allowable costs revised for listed charitable projects, affecting claims for the financial year.
This corrigendum substitutes the previously published maximum deductible amounts under Section 35AC by replacing the figures in Column (4) with those in Column (5) of the appended table for the named institutions and projects; the revised maxima and their periods of approval apply for the specified financial year. The notification remains in force for that year as to the listed projects, and the Section 35AC deduction is explicitly excluded for funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.
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