Section 35AC - Eligible projects or schemes - Sevalaya School expenses project - Sevalaya, Kasuva Village, Pakkam P.O. near Thiruninravur - Tamil Nadu - 005//2009 - Income Tax Act, 1961
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Section 35AC eligibility extended for Sevalaya School expenses project, permitting continued donor tax benefits over an additional multi-year period. The Central Government re-notified the 'Sevalaya School expenses project to meet the running expenses of the school and to build corpus fund' as an eligible project under the Explanation to Section 35AC for a further three-year period beginning with financial year 2010-11, following a recommendation by the National Committee confirming proper execution. The re-notification preserves the approved cost at Rs. 4.00 crore, including a corpus fund of Rs. 3.00 crore, enabling continued donor tax incentives under the governing rules.
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Section 35AC eligibility extended for Sevalaya School expenses project, permitting continued donor tax benefits over an additional multi-year period.
The Central Government re-notified the "Sevalaya School expenses project to meet the running expenses of the school and to build corpus fund" as an eligible project under the Explanation to Section 35AC for a further three-year period beginning with financial year 2010-11, following a recommendation by the National Committee confirming proper execution. The re-notification preserves the approved cost at Rs. 4.00 crore, including a corpus fund of Rs. 3.00 crore, enabling continued donor tax incentives under the governing rules.
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