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of <h1>Government Extends Tax Benefits for Child Welfare and Vocational Training Projects Under Section 35AC of Income-tax Act</h1> The Central Government has designated the construction of six Balsadans, maintenance of 60 orphans and destitute children, and the construction of a vocational training center in Pune, Maharashtra, as eligible projects under section 35AC of the Income-tax Act, 1961. Initially approved for two assessment years starting from 1994-95, these projects have been extended for an additional three years beginning from the 1996-97 assessment year. The estimated cost for these initiatives is twenty-four lakhs twenty-four thousand rupees. The National Committee has confirmed the projects' proper execution, warranting the extension.
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