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of <h1>Central Government Extends Section 35AC Tax Benefits for Elderly and Leprosy Care Project by Three More Years.</h1> The Central Government has extended the eligibility of a project under section 35AC of the Income-tax Act, 1961, for an additional three years starting from the assessment year 1996-97. This project, conducted by a non-profit organization in New Delhi, involves providing medical care to elderly and leprosy patients, offering homes for the elderly, rehabilitating destitute elderly women, and conducting eye camps. Initially specified in 1993 for three years, the project has been recommended for extension due to its successful execution, with an estimated cost of 1,295 lakhs.
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