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of <h1>Government Extends Tax Benefit for Education Project for Disabled in Bombay u/s 35AC for Three More Years.</h1> The Central Government has extended the eligibility of the project managed by an education-focused society in Bombay under Section 35AC of the Income-tax Act, 1961. This project, which involves furnishing and running centers for the education of disabled individuals, has been approved for a further three-year period from the financial year 2015-16 to 2017-18. The estimated cost remains at Rs. 675 lakh. The National Committee for Promotion of Social and Economic Welfare has recommended this extension, noting that further extensions will be considered once the raised funds are utilized.
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