Exemption u/s 35AC - Central Government had specified for free Eye surgeries and running of hospital by Medical Research Foundation, Chennai, as an eligible project or scheme - 226/2006 - Income Tax Act, 1961
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Exemption under section 35AC extended for free eye surgeries and hospital, specified as eligible scheme for further period. Central Government specified continuation of tax exemption under section 35AC for the Medical Research Foundation's scheme for free eye surgeries and hospital operation for a further three years from financial year 2006-2007, exercising powers under the Income tax Act. The extension was made following the National Committee's recommendation that the project was being executed properly, and it preserves the previously approved project cost including the corpus fund.
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Exemption under section 35AC extended for free eye surgeries and hospital, specified as eligible scheme for further period.
Central Government specified continuation of tax exemption under section 35AC for the Medical Research Foundation's scheme for free eye surgeries and hospital operation for a further three years from financial year 2006-2007, exercising powers under the Income tax Act. The extension was made following the National Committee's recommendation that the project was being executed properly, and it preserves the previously approved project cost including the corpus fund.
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