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of <h1>Central Government Extends 'The Banyan' Project Eligibility u/s 35AC for Three More Years, Costs Unchanged.</h1> The Central Government has extended the eligibility of the project 'Corpus and recurring fund for Banyan' by 'The Banyan' in Chennai under Section 35AC of the Income-tax Act, 1961, for an additional three years starting from the financial year 2015-16 to 2017-18. This decision follows the recommendation of the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution. The approved costs remain unchanged at Rs. 9.5 crore for the corpus and Rs. 6.00 crore for recurring expenses. This extension follows previous notifications that initially approved and extended the project.
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