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of <h1>Central Government Extends Kolkata Project Eligibility Under Section 35AC for Three More Years; Total Cost Now 3.85 Crore.</h1> The Central Government has extended the eligibility of a project by an organization in Kolkata under Section 35AC of the Income-tax Act, 1961. The project, which involves construction, purchase of furniture, books, sewing machines, and its operation, was initially approved in 2003 and has been extended multiple times. The estimated cost was increased to 3.85 crore, including a corpus fund of 60 lakh. The National Committee for Promotion of Social and Economic Welfare recommended further extension, and the project is now approved for an additional three years, covering the financial years 2015-16 to 2017-18.
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