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of <h1>Central Government Extends Tax Benefits for Pune's Balgram SOS Children's Villages Project Under Section 35AC Until 2018</h1> The Central Government has extended the eligibility of the 'Balgram SOS Children's Villages' project in Pune under Section 35AC of the Income-tax Act, 1961. Initially recognized in 2006, the project received extensions in 2009 and 2013. The National Committee for Promotion of Social and Economic Welfare has recommended another three-year extension for the financial years 2015-16, 2016-17, and 2017-18, confirming the project's proper execution. The approved project cost remains 2.00 crore. This notification ensures continued tax benefits for contributions to the project.
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