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of <h1>Project for Slum Dwellers and Women's Development Gets Tax Exemption Extension Under Section 35AC, Costing 40 Lakhs</h1> The Central Government has specified a project run by an organization in Pune, Maharashtra, for exemption under section 35AC of the Income-tax Act. This project involves the operation of a Balwadi and a Centre for Integrated Development for girls, boys, and women slum dwellers, as well as a Centre for Development Activities for women. Initially approved in 1995 and extended in 1997, the project is now further extended for three years starting from the assessment year 2001-2002. The estimated cost of the project is forty lakhs, and it has been recognized as an eligible scheme for tax exemption.
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