Exemption u/s 35AC -notified at serial number 4, 'Rural upliftment and training initiatives, cattle development and empowerment of rural women of weaker section including Scheduled Cast and Scheduled Tribes' by National Agro Foundation, River View, Kottupuram, Chennai, as an eligible project or sche - 31/2009 - Income Tax

Government Extends Rural Upliftment Project by National Agro Foundation for Additional 3 Years Under Section 35AC

The Central Government has extended the eligibility of the project 'Rural upliftment and training initiatives, cattle development and empowerment of rural women of weaker sections including Scheduled Castes and Scheduled Tribes' by the National Agro Foundation in Chennai. Initially notified in 2006 for three years under section 35AC of the Income-tax Act, 1961, the project is now approved for an additional three years starting from the financial year 2008-2009. The project will continue with the approved cost of Rs. 6.50 crore, as recommended by the National Committee for Promotion of Social and Economic Welfare.