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Exemption u/s 35AC - notified at serial number 10, 'Construction of Phase I of BhagwanMahaveerCancerHospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan' by BhagwanMahaveerCancerHospital & Research Centre, Jaipur, Rajasthan, as an eligible project or scheme - 59/2009 - Income Tax Act, 1961
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Tax exemption extension for eligible project: hospital construction qualifies but not for funds collected in prior fiscal year. The notification specifies that the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre by Bhagwan Mahaveer Cancer Hospital & Research Centre is designated as an eligible project for tax exemption under section 35AC for a further two-year period beginning with the financial year 2008-2009, with no change in the approved project cost, but it excludes issuance of donation exemption certificates for funds collected during the already-elapsed financial year 2008-2009.
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Tax exemption extension for eligible project: hospital construction qualifies but not for funds collected in prior fiscal year.
The notification specifies that the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre by Bhagwan Mahaveer Cancer Hospital & Research Centre is designated as an eligible project for tax exemption under section 35AC for a further two-year period beginning with the financial year 2008-2009, with no change in the approved project cost, but it excludes issuance of donation exemption certificates for funds collected during the already-elapsed financial year 2008-2009.
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