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of <h1>Central Government Extends Section 35AC Tax Benefits for Senior Citizens Project, Approves Rs. 1.75 Crore for Three Years</h1> The Central Government has extended the eligibility of the 'John Daycare and Boarding for Senior Citizens Association' project in New Delhi under section 35AC of the Income-tax Act, 1961. Initially notified in 2005 for a three-year period, the project is recognized for its proper execution and is now extended for another three years starting from the financial year 2008-09. The approved cost remains at Rs. 1.75 crore. This extension follows a recommendation by the National Committee for Promotion of Social and Economic Welfare, ensuring continued support for the project.
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