Exemption u/s 35AC - Specified for Provision of artificial limbs and other rehabilitation aids to amputees, polio-affected disabled persons at Jaipur by Bhagwan Mahaveer Viklang Sahayata Samiti as an eligible project or scheme - Amendment in N. No. S.O. 739(E), dated the 10th September, 1999 - 247/2005 - Income Tax Act, 1961
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Exemption under section 35AC extended for rehabilitation project; project specified and higher cost cap authorised. An existing tax exemption under section 35AC for the rehabilitation project by Bhagwan Mahaveer Viklang Sahayata Samiti at Jaipur is extended for a further three years commencing in the financial year 2005-06. The Central Government, following the National Committee's recommendation that the project is properly executed, amends the prior notification to increase the maximum project cost allowable for deduction, thereby authorising deduction treatment for the increased specified project cost during the renewed period.
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Exemption under section 35AC extended for rehabilitation project; project specified and higher cost cap authorised.
An existing tax exemption under section 35AC for the rehabilitation project by Bhagwan Mahaveer Viklang Sahayata Samiti at Jaipur is extended for a further three years commencing in the financial year 2005-06. The Central Government, following the National Committee's recommendation that the project is properly executed, amends the prior notification to increase the maximum project cost allowable for deduction, thereby authorising deduction treatment for the increased specified project cost during the renewed period.
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