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of <h1>Govt Extends Helpage India's Project Eligibility Under Section 35AC; Increases Deduction Limit to 100 Crore Until 2018</h1> The Central Government has extended the eligibility of the project 'Building a general corpus fund for Helpage India's work' under section 35AC of the Income-tax Act, 1961, for an additional three years, covering financial years 2015-16 to 2017-18. The project, initially notified in 2006, has undergone several extensions and cost enhancements. The latest amendment increases the maximum allowable deduction for the project from 50 crore to 100 crore as a corpus fund. This extension and amendment follow recommendations from the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution.
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