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of <h1>Eligibility Extension for Tax Exemption under Section 35AC for Various Rural Development Projects Announced by Central Government</h1> The Central Government has extended the eligibility of certain projects for tax exemption under Section 35AC of the Income-tax Act, 1961. These projects include PYOH II US Aid, construction of low-cost houses, the Jaipur District Rural Health Project, and poultry raising and garment making for rural women, conducted by a trust in Jaipur. Initially approved for three assessment years starting from 1993-94, the projects have been granted an extension for another three years beginning from the assessment year 1996-97, following a recommendation by the National Committee due to their proper execution.
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