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of <h1>Mid Day Meal Project in Uttar Pradesh Extended u/s 35AC for Three More Years, Tax Exemption Details Specified.</h1> The Central Government has extended the 'Mid day meal project for Uttar Pradesh,' managed by an organization in Mumbai, as an eligible project under Section 35AC of the Income-tax Act, 1961, for an additional three financial years (2016-17 to 2018-19). The project, initially approved in 2008, has been extended multiple times due to its successful execution. The approved project cost remains Rs. 712.65 lakh. However, the tax 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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