Exemption u/s 35AC - Central Government had specified the (a) Slum Re-housing; (b) Rural Housing; (c) School building reconstruction ; and (d) Training and self-employment of handicapped poor (primarily blind) in rural and urban areas as eligible projects or schemes - S.O.178(E) - Income Tax Act, 1961
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Tax exemption for specified social welfare projects extended after administrative confirmation of ongoing project execution and eligibility. Exemption under section 35AC designates specified social welfare projects-slum re-housing, rural housing, school building reconstruction, and training and self-employment for handicapped poor-as eligible for tax-deductible contributions and formally extends their specification for a further three-assessment-year period following a National Committee recommendation that execution was satisfactory.
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.
Tax exemption for specified social welfare projects extended after administrative confirmation of ongoing project execution and eligibility.
Exemption under section 35AC designates specified social welfare projects-slum re-housing, rural housing, school building reconstruction, and training and self-employment for handicapped poor-as eligible for tax-deductible contributions and formally extends their specification for a further three-assessment-year period following a National Committee recommendation that execution was satisfactory.
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