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of <h1>Central Government Extends Integrated Rural Development Project Eligibility for 3 Years Under Section 35AC of Income-tax Act</h1> The Central Government has extended the eligibility of the 'Integrated Rural Development Project' by a certain organization for an additional three years starting from the financial year 2013-14 under section 35AC of the Income-tax Act, 1961. Initially notified in 1992, the project has undergone several extensions and cost enhancements, with the latest amendment increasing the allowable deduction cost from Rs. 1219.80 lakh to Rs. 2021.80 lakh. The project, which operates in multiple districts in Maharashtra and Rajasthan, has been recognized for its proper execution by the National Committee for Promotion of Social and Economic Welfare.
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