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of <h1>Government Extends Eligibility of Sustainable Project in New Delhi Until 2019 u/s 35AC of Income-tax Act.</h1> The Central Government has extended the eligibility of the project 'Resource Development on Sustainable Inclusive Practices' by an organization based in New Delhi for a further three years under Section 35AC of the Income-tax Act, 1961. Initially approved for the period ending in the financial year 2015-16, the project will continue through 2016-17, 2017-18, and 2018-19 with an unchanged estimated cost of Rs. 12.00 crore, including a Rs. 10.00 crore corpus fund. However, funds received under Schedule VII of the Companies Act and Companies (CSR) Rules 2014 are not eligible for exemption under this section.
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