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of <h1>Government Extends Eligibility for 'Madhav Seva Ashram' Project Under Section 35AC, No Tax Exemption for 2013-14</h1> The Central Government has extended the eligibility of the 'Madhav Seva Ashram (Assistance for medical relief)' project by 'Bhaorao Deoras Seva Nyas' in Uttar Pradesh under Section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the financial year 2012-13, the project is now extended for an additional three years, covering financial years 2013-14, 2014-15, and 2015-16, with an unchanged estimated cost of 13 crore, including 10 crore as a corpus fund. However, no tax exemption will be available for the financial year 2013-14 as it has already passed.
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