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of <h1>Eligibility Extended for Education Project in Manipur u/s 35AC, Exemptions Limited for 2014-15 and CSR Funds.</h1> The Central Government has extended the eligibility of the project 'Upliftment of ST students through quality education' by Chil Chil Asian Mission Society in Manipur under Section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in 2013-14 with an estimated cost of Rs. 30.01 crore, the project is now approved for an additional three years starting from the financial year 2014-15. However, no certificate for the 2014-15 financial year will be issued, and the exemption does not apply to funds received under Schedule VII of Section 135 of the Companies Act and CSR Rules 2014.
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