Section 35AC eligibility expanded for Satya Bharti Schools; project scope and funding ceiling formally increased. Notification designates the 'Satya Bharti Schools (establishing & supporting 500 primary schools as well as non-formal education)' scheme by Bharti Foundation as an eligible project for deduction under Section 35AC and amends the earlier notification to substitute a revised maximum allowable project cost and corpus fund in the Table, following the National Committee's recommendation to increase the project cost ceiling to support expansion from 250 to 500 schools.
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Section 35AC eligibility expanded for Satya Bharti Schools; project scope and funding ceiling formally increased.
Notification designates the "Satya Bharti Schools (establishing & supporting 500 primary schools as well as non-formal education)" scheme by Bharti Foundation as an eligible project for deduction under Section 35AC and amends the earlier notification to substitute a revised maximum allowable project cost and corpus fund in the Table, following the National Committee's recommendation to increase the project cost ceiling to support expansion from 250 to 500 schools.
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