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of <h1>Govt Extends Tax Eligibility for New Delhi Projects u/s 35AC for Three Years, Excludes CSR Funds.</h1> The Central Government has extended the eligibility of certain projects by an organization in Paschim Vihar, New Delhi, under Section 35AC of the Income-tax Act, 1961, for three additional years starting from the financial year 2016-17. These projects include a vocational project on environmental hygiene and sanitation, an adult literacy program for women, cr`eche services and educational programs, and education for street and working children, with an estimated cost of Rs. 4.22 crore. However, the exemption 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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