Exemption u/s 35AC - Central Government had specified for the construction and running of hospital by Global Hospital and Research Centre, Mumbai, as an eligible project or scheme - 11503 - Income Tax Act, 1961
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Tax exemption for charitable hospital project extended, enabling continued eligibility following National Committee recommendation under income tax law. Central Government specified the construction and running of a charitable hospital at Mount Abu by Global Hospital and Research Centre as an eligible project under Section 35AC for a further three-year period beginning with assessment year 2001-2002, following an earlier three-year designation and a National Committee recommendation under subrule (5) of rule 11M of the Income-tax Rules, 1962; the notification records the executing entity, estimated project cost and a corpus fund.
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Tax exemption for charitable hospital project extended, enabling continued eligibility following National Committee recommendation under income tax law.
Central Government specified the construction and running of a charitable hospital at Mount Abu by Global Hospital and Research Centre as an eligible project under Section 35AC for a further three-year period beginning with assessment year 2001-2002, following an earlier three-year designation and a National Committee recommendation under subrule (5) of rule 11M of the Income-tax Rules, 1962; the notification records the executing entity, estimated project cost and a corpus fund.
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