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of <h1>'Outreach Caring Hands' Project in Kerala Gets 3-Year Extension u/s 35AC of Income-tax Act.</h1> The Central Government has extended the eligibility of the 'Outreach Caring Hands' project by Rajah Charitable Medical Trust in Trichur, Kerala, under section 35AC of the Income-tax Act, 1961. Initially approved for a cost of Rs. 4.06 crore, the project was previously extended and will now continue for an additional three years starting from the financial year 2016-17. The exemption under section 35AC will not apply to funds received under Schedule VII of Section 135 of the Companies Act and Companies (CSR) Rules 2014.
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