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Exemption u/s 35AC – Amendments in Notification no. SO 844(E), dated the October 17, 1995- projects of 'Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat' by Sahyog Kushthayagna Trust, Gujarat - SO 1305(E) - Income Tax Act, 1961
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Exemption under section 35AC extended for a charitable training centre project; approval period and approved project cost amended. The notification extends eligibility for income-tax exemption status for the residential training centre project run by Sahyog Kushthayagna Trust for a further three-year period beginning with the financial year 2007-08, while specifying that approvals are not retroactive for funds collected in the already elapsed 2007-08 year and no exemption certificates will be issued for that year; it also amends the earlier notification to increase the maximum approved project cost as recommended by the National Committee.
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Exemption under section 35AC extended for a charitable training centre project; approval period and approved project cost amended.
The notification extends eligibility for income-tax exemption status for the residential training centre project run by Sahyog Kushthayagna Trust for a further three-year period beginning with the financial year 2007-08, while specifying that approvals are not retroactive for funds collected in the already elapsed 2007-08 year and no exemption certificates will be issued for that year; it also amends the earlier notification to increase the maximum approved project cost as recommended by the National Committee.
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