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of <h1>Central Government Extends Section 35AC Tax Benefits for Visually Impaired Welfare Project for Three More Years</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, for the construction, equipment, furnishing, and operation of a welfare center for the visually impaired in Ahmedabad, Gujarat. Initially designated as eligible from the assessment year 1997-98, the project has been granted an extension for an additional three years starting from the assessment year 2000-2001. This decision follows a recommendation by the National Committee, which confirmed the project's proper execution. The estimated cost of the project is INR 1,05,97,000.
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