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of <h1>Venu Eye Institute's tax-exempt status extended under Section 35AC for three more years; supports charitable contributions.</h1> The Central Government has extended the designation of the Venu Eye Institute and Research Centre in New Delhi, managed by Venu Charitable Society, as an eligible project under section 35AC of the Income-tax Act, 1961. Initially specified in 1995 for three years, the project has been recognized for proper execution and is now approved for an additional three years starting from the assessment year 1999-2000. The estimated project cost is INR 12.6 crore. This extension allows continued tax exemption benefits for contributions to the project.
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