Approval under section 35AC: specified institutions' project costs eligible for deduction across designated assessment years. Approval under section 35AC lists specific non-profit institutions, specifies eligible projects or schemes (such as corpus funds, educational and health facilities, microloan projects, integrated development and animal welfare), and sets the maximum project cost allowable as a deduction. The notification links each approved project to particular assessment years, creating time-limited deduction eligibility and capped deductible amounts for contributions to those projects.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Approval under section 35AC: specified institutions' project costs eligible for deduction across designated assessment years.
Approval under section 35AC lists specific non-profit institutions, specifies eligible projects or schemes (such as corpus funds, educational and health facilities, microloan projects, integrated development and animal welfare), and sets the maximum project cost allowable as a deduction. The notification links each approved project to particular assessment years, creating time-limited deduction eligibility and capped deductible amounts for contributions to those projects.
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