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of <h1>Govt Extends Section 35AC Tax Project for Watershed & Village Development in Maharashtra for 3 More Years.</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, for an additional three years. This project, managed by an organization in Bombay, focuses on watershed development in the Konkan region and integrated development of villages in Panvel and Pen Talukas, Raigad District, Maharashtra. Initially approved for three years starting from the 1994-95 assessment year, the project is now recognized for the 1997-98, 1998-99, and 1999-2000 assessment years, with an estimated cost of approximately 3.225 crore rupees.
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