U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Mohan Foundation, Anna Nagar, Chennai

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....rnment of India in the Ministry of Finance (Department of Revenue) number S.O.1586(E) dated 11.11.2005 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, "Multi Organ Harvesting and Sharing Network in India" by "Mohan Foundation A-81, Anna Nagar, Chennai - 600 102", as an eligible project or s....

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....ly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for amending the project cost from Rs. 1.97 crore to Rs. 5.00 crore. However, the exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules 2014; Now, therefore, the Central Government, in exercise of the powers conferr....