Government Extends Eligibility for Savali Project in Pune; Section 35AC Deduction Increased to Rs. 171.21 Lakh

The Central Government has extended the eligibility of the project "Purchase of equipment and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training, and vocational guidance" at Kothrud, Pune, Maharashtra, carried out by "Savali," for an additional three years starting from the financial year 2012-13 to 2014-15. The project cost eligible for deduction under section 35AC of the Income-tax Act, 1961, has been amended from Rs. 71.21 lakh to Rs. 171.21 lakh, following the recommendation by the National Committee for the Promotion of Social and Economic Welfare.