Exemption u/s 35AC - Centra Govt. had specified for Construction of building/purchase of equipments, instruments, vehicle and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda, District Valsad, Gujarat by Dhanvantri, Shaker Falia as an eligible project or scheme - 137/2004 - Income Tax Act, 1961
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Income tax exemption extended for designated social welfare project, preserving donor tax benefits and continued eligibility. Central Government specified that expenditures on construction, equipment, vehicles and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda by Dhanvantri, Shaker Falia qualify as an eligible project for Income-tax exemption; after the National Committee found the project properly executed and recommended continuation under the Income-tax Rules, the Government issued a notification extending the project's eligibility for a further period commencing from the stated financial year, noting the estimated cost including a corpus fund.
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Income tax exemption extended for designated social welfare project, preserving donor tax benefits and continued eligibility.
Central Government specified that expenditures on construction, equipment, vehicles and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda by Dhanvantri, Shaker Falia qualify as an eligible project for Income-tax exemption; after the National Committee found the project properly executed and recommended continuation under the Income-tax Rules, the Government issued a notification extending the project's eligibility for a further period commencing from the stated financial year, noting the estimated cost including a corpus fund.
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