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Tax deduction eligibility under Section 35AC extended and project cost cap increased for Karuna Setu Trust scheme. The Central Government, on the National Committee's recommendation, notifies continuation of the Karuna Setu Trust scheme for three additional financial years beginning 2010-11 as an eligible project under Section 35AC, and amends the earlier notification by substituting the previously stated maximum project cost with a higher capped amount while retaining the corpus fund component, thereby revising the ceiling on expenditure eligible for deduction.
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Tax deduction eligibility under Section 35AC extended and project cost cap increased for Karuna Setu Trust scheme.
The Central Government, on the National Committee's recommendation, notifies continuation of the Karuna Setu Trust scheme for three additional financial years beginning 2010-11 as an eligible project under Section 35AC, and amends the earlier notification by substituting the previously stated maximum project cost with a higher capped amount while retaining the corpus fund component, thereby revising the ceiling on expenditure eligible for deduction.
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