Tax Exemption Extended for "Lifeline Express" Project u/s 35AC, Supporting Mobile Hospitals Until 2009.
The Central Government has extended the tax exemption under Section 35AC of the Income-tax Act for the "Lifeline Express" project, operated by Impact India Foundation, for an additional three years starting from the financial year 2006-07. This project, known as hospitals on wheels, was initially recognized as an eligible scheme in 2004 for three years. The National Committee for Promotion of Social and Economic Welfare confirmed the project's proper execution and recommended its extension. The approved cost remains Rs. 351.02 lakhs, including a corpus fund of Rs. 119.19 lakhs.
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Tax Exemption Extended for "Lifeline Express" Project u/s 35AC, Supporting Mobile Hospitals Until 2009.
The Central Government has extended the tax exemption under Section 35AC of the Income-tax Act for the "Lifeline Express" project, operated by Impact India Foundation, for an additional three years starting from the financial year 2006-07. This project, known as hospitals on wheels, was initially recognized as an eligible scheme in 2004 for three years. The National Committee for Promotion of Social and Economic Welfare confirmed the project's proper execution and recommended its extension. The approved cost remains Rs. 351.02 lakhs, including a corpus fund of Rs. 119.19 lakhs.
Tax Exemption Extended for "Lifeline Express" Project u/s 35AC, Supporting Mobile Hospitals Until 2009.
The Central Government has extended the tax exemption under Section 35AC of the Income-tax Act for the "Lifeline Express" project, operated by Impact India Foundation, for an additional three years starting from the financial year 2006-07. This project, known as hospitals on wheels, was initially recognized as an eligible scheme in 2004 for three years. The National Committee for Promotion of Social and Economic Welfare confirmed the project's proper execution and recommended its extension. The approved cost remains Rs. 351.02 lakhs, including a corpus fund of Rs. 119.19 lakhs.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.
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