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of <h1>Govt Extends Gujarat Project Eligibility Under Section 35AC, Income-tax Act, for FY 2015-18; Cost Unchanged at 7.38 Cr.</h1> The Central Government has extended the eligibility of the project 'Maintenance of Activities' by an organization in Gujarat under Section 35AC of the Income-tax Act, 1961. Initially notified in 2012 for three years with an estimated cost of 7.38 crore, the project is now extended for an additional three years covering the financial years 2015-16 to 2017-18. This decision follows the National Committee for Promotion of Social and Economic Welfare's recommendation, confirming the project's proper execution. The extension maintains the original cost estimate without any changes.
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