Section 35AC - Eligible projects or schemes - recommendations of the National Committee for Promotion of Social and Economic Welfare - 63/2016 - S.O. 3019(E) - Income Tax
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Tax exemption for notified charitable projects extended, preserving eligibility within sanctioned cost and period limits. The Central Government, acting on the National Committee's recommendation, extends approvals and enhanced sanctioned costs for listed charitable and welfare projects, maintaining their qualification for the project-specific tax exemption within the sanctioned cost limits and validity periods stated; certain projects are permitted scope expansions or activity modifications as specified, and funds received under Schedule VII CSR rules are expressly excluded from the exemption.
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Tax exemption for notified charitable projects extended, preserving eligibility within sanctioned cost and period limits.
The Central Government, acting on the National Committee's recommendation, extends approvals and enhanced sanctioned costs for listed charitable and welfare projects, maintaining their qualification for the project-specific tax exemption within the sanctioned cost limits and validity periods stated; certain projects are permitted scope expansions or activity modifications as specified, and funds received under Schedule VII CSR rules are expressly excluded from the exemption.
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