Notification Under Section 35AC in respect of Indian Red Cross Society, Gujarat State Branch, Red Cross Bhavan, Near Khadi Gram Udyog Board, Ashram Road, Vadaj, Ahmedabad. - 092/2011 - Income Tax Act, 1961
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Section 35AC notification extends eligibility of a nonprofit health and welfare scheme for a further three-year period and raises project cost. The Central Government, under Section 35AC, notifies continuation of the Gujarat nonprofit's eligible project for a further three-year period commencing 2011-12, preserving tax-deduction eligibility for recurring costs of specified health and social welfare programmes. The notification also amends the earlier authorised maximum project cost by substituting the previous approved amount with a higher authorised figure while maintaining the same corpus fund component.
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Section 35AC notification extends eligibility of a nonprofit health and welfare scheme for a further three-year period and raises project cost.
The Central Government, under Section 35AC, notifies continuation of the Gujarat nonprofit's eligible project for a further three-year period commencing 2011-12, preserving tax-deduction eligibility for recurring costs of specified health and social welfare programmes. The notification also amends the earlier authorised maximum project cost by substituting the previous approved amount with a higher authorised figure while maintaining the same corpus fund component.
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