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    <title>Exemption u/s 35AC - Central Govt. had specified various institutions as an eligible project or scheme</title>
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    <description>The Central Government approves specified charitable institutions and designates eligible projects or schemes with estimated costs and maximum deductible amounts for limited assessment years. Many approvals require prominent public notices that benefits are free of cost (or free to economically weaker sections) and annual Chartered Accountant certification with tax returns that records show at least fifty percent of beneficiaries are economically weaker and received full benefits free. The notification also notes institution-specific conditions such as land transfer and corpus fund allocations.</description>
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      <description>The Central Government approves specified charitable institutions and designates eligible projects or schemes with estimated costs and maximum deductible amounts for limited assessment years. Many approvals require prominent public notices that benefits are free of cost (or free to economically weaker sections) and annual Chartered Accountant certification with tax returns that records show at least fifty percent of beneficiaries are economically weaker and received full benefits free. The notification also notes institution-specific conditions such as land transfer and corpus fund allocations.</description>
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      <pubDate>Thu, 27 Nov 2003 00:00:00 +0530</pubDate>
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