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of <h1>Priyadarshini Girls Hostel Project Extended for Tax Exemption Under Section 35AC of Income-tax Act</h1> The Central Government has designated the Priyadarshini Girls Hostel, Vanvasi Kalyan Kendra in Talasari, Thane District, Maharashtra, as an eligible project under section 35AC of the Income-tax Act, 1961. Initially recognized for three assessment years starting from 1994-95, the project is extended for an additional two years from the 1996-97 assessment year. The National Committee confirmed the project's proper execution and recommended the extension. The estimated cost of the project is fifty-three lakhs. This notification formalizes the continuation of the project's eligibility for tax exemption benefits.
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