Section 35AC - Eligible projects or schemes - recommendations of the National Committee for Promotion of Social and Economic Welfare - 65/2016 - S.O. 3285(E) - Income Tax Act, 1961
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Section 35AC deduction approvals for specified charitable projects; CSR funds excluded from the exemption. Notification designates specified institutions and approves their listed projects or schemes as eligible for deduction under Section 35AC, recording for each the estimated project cost and the maximum amount allowable as deduction for the stated financial year; it also provides that the Section 35AC exemption does not apply to funds received under Schedule VII of the Companies Act or the Companies (CSR) Rules, 2014.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 35AC deduction approvals for specified charitable projects; CSR funds excluded from the exemption.
Notification designates specified institutions and approves their listed projects or schemes as eligible for deduction under Section 35AC, recording for each the estimated project cost and the maximum amount allowable as deduction for the stated financial year; it also provides that the Section 35AC exemption does not apply to funds received under Schedule VII of the Companies Act or the Companies (CSR) Rules, 2014.
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