Exemption u/s 35AC - Central Govt. has specified for the purchase of equipments and running of socio-economic promotion of cerebral palsied children Pune by 'Savali' (Association for Mentally Retarded and Cerebral Patsy Children) as an eligible project or scheme - 150/2004 - Income Tax

Govt Extends Eligibility for Cerebral Palsy Project Under Section 35AC for Equipment Purchase in Pune by 'Savali'

The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, for the purchase of equipment and socio-economic promotion of cerebral palsied children and adults in Pune by 'Savali' (Association for Mentally Retarded and Cerebral Palsy Children). Initially approved for three years starting from the assessment year 1998-1999 and extended for another three years from 2001-2002, the project is now further extended for three years from the financial year 2003-2004. The estimated cost of the project is INR 71,21,000.