Exemption for 'Running of hospital, purchase of equipments and welfare activities at Vadnagar, Gujarat' by Karuna Setu Trust, Gujarat u/s 35AC of the Income-tax Act, 1961 - SO 1298(E) - Income Tax Act, 1961
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Section 35AC exemption extended for Karuna Setu Trust project; project cost increased and prior fiscal receipts excluded. The Central Government notifies an additional three year extension under Section 35AC for Karuna Setu Trust's Vadnagar hospital and welfare project and amends the maximum allowable project cost upward; however, the approval does not validate exemption certificates for donations collected during the already elapsed financial year 2007 08, so no Section 35AC(1) certificates will be issued for that year.
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Section 35AC exemption extended for Karuna Setu Trust project; project cost increased and prior fiscal receipts excluded.
The Central Government notifies an additional three year extension under Section 35AC for Karuna Setu Trust's Vadnagar hospital and welfare project and amends the maximum allowable project cost upward; however, the approval does not validate exemption certificates for donations collected during the already elapsed financial year 2007 08, so no Section 35AC(1) certificates will be issued for that year.
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