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of <h1>Government Approves 3-Year Extension for Village Aid Project u/s 35AC, Providing Support to Needy Children.</h1> The Central Government has specified the administration and maintenance of 27 villages by an organization in New Delhi as an eligible project under section 35AC of the Income-tax Act, 1961. This project, which provides free clothing, education, shelter, and a family environment to destitute, orphaned, and abandoned children, was initially recognized for three years starting in the 1995-96 assessment year and extended for another three years starting in 1998-99. Following a recommendation from the National Committee, the project has been approved for a further three-year period beginning with the 2001-2002 assessment year, with an estimated cost of INR 32.91 crores.
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