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of <h1>Central Government Extends Tax Eligibility for Ahmedabad School Project Under Section 35AC Until 2017-18</h1> The Central Government has extended the eligibility of the project 'Construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, District Ahmedabad, Gujarat,' managed by an organization in Ahmedabad, under section 35AC of the Income-tax Act, 1961. Initially notified in 1998, the project's eligibility has been extended multiple times, with the latest extension covering the financial years 2015-16 to 2017-18. The estimated cost remains at 100 lakh, and the National Committee for Promotion of Social and Economic Welfare has confirmed the project's proper execution and recommended the extension.
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