Notification Under Section 35AC in respect of H.M.S. Education Society, Shetty Halli Road, Tumkur 572 102, Karnataka - 09/2011 - Income Tax

Income tax exemption extension: eligible notification for hospital expansion approved for three additional financial years under tax law

The Central Government, under the Explanation to section 35AC, notifies the expansion of a 100 bedded multi speciality hospital by H.M.S. Education Society-covering purchase of equipment, recurring costs and a corpus fund-as an eligible project for a further three financial years commencing 2011 12, following the National Committee's recommendation and without any change in the previously approved project cost, thereby extending the income tax exemption notification previously issued for the project.