Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Sree Guruvayurappan Bhajan Samaj Trust, Banglore - F.No.V-27015/1/2012-SO - 485(E) - Income Tax

Tax deduction eligibility: Unnati vocational centre granted extended eligibility and increased approved project cost.

The Government notifies that the project 'Unnati, a vocational guidance centre for the underprivileged' run by Sree Guruvayurappan Bhajan Samaj Trust is extended as an eligible project for a further three year period beginning 2012-13, following the National Committee's recommendation. The notification also amends the earlier entry in the statutory table to substitute the previously stated project cost and corpus fund figures with higher approved totals, thereby increasing the maximum cost allowed for deduction purposes.