Section 35AC - Eligible projects or schemes - Construction of home for mentally and physically challenged children and running of the project by Society of Friends of Sassoon Hospital - Pune - Amendment in Notification No. S.O. 461(E), dated 5-4-2004 - S.O. 1145(E) - Income Tax
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Tax deduction eligibility extended for Sassoon Hospital project; allowable project cost ceiling increased and term prolonged. Tax deduction eligibility for the Sassoon Hospital project is re-notified for a further three financial years commencing 2010-11, following a committee recommendation that the project is properly executed and will extend beyond six years. The amendment increases the prescribed maximum project cost inclusive of the corpus fund and formally substitutes the earlier cost limit in the prior notification, while maintaining the project's compliance with the conditions applicable to eligibility under the relevant tax provision.
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Tax deduction eligibility extended for Sassoon Hospital project; allowable project cost ceiling increased and term prolonged.
Tax deduction eligibility for the Sassoon Hospital project is re-notified for a further three financial years commencing 2010-11, following a committee recommendation that the project is properly executed and will extend beyond six years. The amendment increases the prescribed maximum project cost inclusive of the corpus fund and formally substitutes the earlier cost limit in the prior notification, while maintaining the project's compliance with the conditions applicable to eligibility under the relevant tax provision.
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