Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore, by Maria Seva Sangh, Bangalore, as an eligible project or scheme - S.O.552(E) - Income Tax Act, 1961
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Exemption under section 35AC: Mid-day Meal Scheme designated eligible for continued tax-exempt status following committee recommendation. The Central Government specifies the Mid-day Meal Scheme run by Maria Seva Sangh in three Bangalore schools as an eligible project for tax exemption under section 35AC, following prior notifications and a National Committee recommendation. The Government designates the scheme, at an estimated cost of fifteen lakhs, for a further two-year period beginning with the assessment year 2002-2003 pursuant to the powers under the Act and rule 11M procedures.
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Exemption under section 35AC: Mid-day Meal Scheme designated eligible for continued tax-exempt status following committee recommendation.
The Central Government specifies the Mid-day Meal Scheme run by Maria Seva Sangh in three Bangalore schools as an eligible project for tax exemption under section 35AC, following prior notifications and a National Committee recommendation. The Government designates the scheme, at an estimated cost of fifteen lakhs, for a further two-year period beginning with the assessment year 2002-2003 pursuant to the powers under the Act and rule 11M procedures.
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