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of <h1>Karna Prayag Trust's Adoption Center Project Extended Under Section 35AC for Tax Benefits</h1> The Central Government has specified the project of operating a fondling-cum-adoption center for orphaned and destitute children and abandoned babies by Karna Prayag Trust in Chennai, Tamil Nadu, as an eligible scheme under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 1999-2000, the project has been extended for another three years beginning from the assessment year 2002-2003. The project, located at Raja Krishna Rao Road, Teynampet, Chennai, is estimated to cost forty lakhs with an additional corpus fund of twenty lakhs.
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