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of <h1>Ramakrishna Mission's Infrastructure Project Eligibility Extended u/s 35AC of Income-tax Act Until 2018-19.</h1> The Central Government has extended the eligibility of the 'Infrastructure development & corpus fund' project by Ramakrishna Mission Sevashrama, Mathura, under Section 35AC of the Income-tax Act, 1961, for three more years starting from the financial year 2016-17 until 2018-19. The project, initially notified in 2010 and extended in 2013, has an approved cost of Rs. 34.15 crore, including a Rs. 10 crore corpus fund. However, the exemption under Section 35AC does not apply to funds received under Schedule VII of Section 135 of the Companies Act and Companies (CSR) Rules 2014.
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