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

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..... n 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 scheme, at th .....

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..... properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for amending the project cost from ₹ 1.97 crore to ₹ 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 ex .....

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