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Notification Under Section 35AC in respect of Sundeep Foundation, 118. Jolly Bhavan No.1, 10, New Marine Lines, Mumbai. - 26/2011 - Income Tax Act, 1961
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Section 35AC eligibility extended for Sundeep Foundation project, amending project cost and restricting certificate issuance for prior year. Notification under section 35AC extends eligibility of the Sundeep Foundation's health and education project for a further three financial years commencing 2010-11, on recommendation of the National Committee, but directs that no certificate under section 35AC shall be issued for the already-lapsed financial year 2010-11. The notification also amends the earlier notification to increase the maximum project cost allowed for deduction under section 35AC to Rs. 150.00 lakh.
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Section 35AC eligibility extended for Sundeep Foundation project, amending project cost and restricting certificate issuance for prior year.
Notification under section 35AC extends eligibility of the Sundeep Foundation's health and education project for a further three financial years commencing 2010-11, on recommendation of the National Committee, but directs that no certificate under section 35AC shall be issued for the already-lapsed financial year 2010-11. The notification also amends the earlier notification to increase the maximum project cost allowed for deduction under section 35AC to Rs. 150.00 lakh.
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