Exemption u/s 35AC - Central Govt. had specified for construction of old age homes (Helpage Homes) by Community Aid and Sponsorship Programme as an eligible project or scheme - Amendment in N. No S.O. 1124(E) dated the 29th September, 2003 - 059/2004 - Income Tax Act, 1961
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Exemption under section 35AC: notification amended to include two community health projects, preserving tax exempt status for the three assessment years. Central Government amended the notification under the Explanation to Section 35AC to insert two programs - High Range Area Community Health and Empowerment Project and Wayanand Area Community Health and Employment Project - into the table at serial number 5 and substituted the corresponding entry to specify the consolidated project cost and that the approved amount applies for the three assessment years 2004 2005 through 2006 2007 only.
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Exemption under section 35AC: notification amended to include two community health projects, preserving tax exempt status for the three assessment years.
Central Government amended the notification under the Explanation to Section 35AC to insert two programs - High Range Area Community Health and Empowerment Project and Wayanand Area Community Health and Employment Project - into the table at serial number 5 and substituted the corresponding entry to specify the consolidated project cost and that the approved amount applies for the three assessment years 2004 2005 through 2006 2007 only.
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