Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Running of Rehabilitation/Welfare activities for leprosy cured patients at Sindhrot, Vadodara, Gujarat by Shram Mandir Trust as an eligible project or scheme - Amendment in N. No. S.O.308(E) dated the 11th May, 1999 - 024/2006- S.O. 155(E) - Income Tax

Govt Amends Notification to Extend Shram Mandir Trust's Leprosy Project Eligibility, Increases Deduction Limit to Rs. 1000 Lakhs.

The Central Government has amended the notification S.O.308(E) dated May 11, 1999, under section 35AC of the Income-tax Act, 1961, to extend the eligibility of the Shram Mandir Trust's project for leprosy-cured patients in Sindhrot, Vadodara, Gujarat. Initially approved for three years from the assessment year 2000-2001 and extended for another three years from 2003-2004, the project is now specified for a further three years starting from the financial year 2005-2006. The maximum allowable deduction for the project has been increased from Rs. 400 lakhs to Rs. 1000 lakhs.