Deduction under section 35AC: Him Jyoti School scheme extended and project cost increased, preserving tax-deduction eligibility. The notification extends the project 'Him Jyoti School,' undertaken by The Himalayan School Society, as an eligible project under section 35AC for a further period of three years commencing with financial year 2015-16, and amends the original notification's table to increase the maximum project cost (including the corpus fund) permitted for deduction to a newly specified amount, following the National Committee's recommendation that the project is being executed properly and requires an enhanced cost and extended duration.
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Deduction under section 35AC: Him Jyoti School scheme extended and project cost increased, preserving tax-deduction eligibility.
The notification extends the project "Him Jyoti School," undertaken by The Himalayan School Society, as an eligible project under section 35AC for a further period of three years commencing with financial year 2015-16, and amends the original notification's table to increase the maximum project cost (including the corpus fund) permitted for deduction to a newly specified amount, following the National Committee's recommendation that the project is being executed properly and requires an enhanced cost and extended duration.
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