Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Shantilal Shanghvi Foundation, Mumbai - F.No.V-27015/1/2012-SO - Income Tax
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Extension of Eligible Project under Section 35AC: treatment scheme for tribal health extended for three years and project cost increased. The Central Government notifies the scheme 'Treatment of Cancer, Kidney Failure (dialysis) and Eye diseases for Tribal' by Shantilal Shanghvi Foundation as an eligible project under Section 35AC for a further three years commencing with financial year 2012-13 (2012-13 to 2014-15) and, following the National Committee's recommendation, amends the earlier notification by increasing the maximum amount of cost to be allowed as deduction under section 35AC from Rs. 10.29 crore to Rs. 19.77 crore.
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Extension of Eligible Project under Section 35AC: treatment scheme for tribal health extended for three years and project cost increased.
The Central Government notifies the scheme "Treatment of Cancer, Kidney Failure (dialysis) and Eye diseases for Tribal" by Shantilal Shanghvi Foundation as an eligible project under Section 35AC for a further three years commencing with financial year 2012-13 (2012-13 to 2014-15) and, following the National Committee's recommendation, amends the earlier notification by increasing the maximum amount of cost to be allowed as deduction under section 35AC from Rs. 10.29 crore to Rs. 19.77 crore.
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