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<h1>India Extends Project Eligibility for Girls Hostel and Orphanage in Gujarat u/s 35AC, No FY 2013-14 Exemption.</h1> The Central Government of India, under section 35AC of the Income-tax Act, 1961, has extended the eligibility of the project 'Recurring expenses for the girls hostel, orphanage, and center for handicapped children' in Gujarat, managed by an organization, for a further three years from 2013-14 to 2015-16. The project, initially approved in 2007 and extended in 2010, maintains an estimated cost of Rs. 2.58 crore, including a Rs. 50 lakh corpus fund. However, no tax exemption will be available for the financial year 2013-14 as it has already lapsed.