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of <h1>Central Government extends rural tribes welfare project in Calcutta u/s 35AC for three more years, tax benefits included.</h1> The Central Government has extended the eligibility of a welfare project for rural tribes, executed by an organization in Calcutta, under section 35AC of the Income-tax Act, 1961. Initially recognized in 1994 and extended in 1997, the project includes constructing and running a hospital, vocational training unit, residential school, and model farm in Barajuri, Ghatsilla. The National Committee confirmed the project's proper execution and recommended its continuation. Consequently, the project is now specified as eligible for tax benefits for an additional three years, starting from the 2001-2002 assessment year, with an estimated cost of 142 lakh rupees.
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