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Amendment to tax deduction provision expands eligible project scope and raises permissible deduction ceiling for specified charities. The notification amends the entry for a specified charitable institution in the table of the earlier notification by expanding the eligible project description to include medical care for cancer patients and by substituting a higher monetary ceiling for the maximum cost of the approved project that may be allowed as a deduction under the relevant Income tax provision.
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Amendment to tax deduction provision expands eligible project scope and raises permissible deduction ceiling for specified charities.
The notification amends the entry for a specified charitable institution in the table of the earlier notification by expanding the eligible project description to include medical care for cancer patients and by substituting a higher monetary ceiling for the maximum cost of the approved project that may be allowed as a deduction under the relevant Income tax provision.
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