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of <h1>Government Extends Tax Exemption for Mumbai Organization's Vocational Training Project Under Section 35AC of Income-tax Act</h1> The Central Government has extended the eligibility of a project by an organization located in Mumbai for tax exemption under section 35AC of the Income-tax Act, 1961. This project involves setting up and running vocational training centers for computer courses and tailoring classes across 386 centers. The project was initially recognized in 1998 and has undergone several extensions, with the latest approval covering the financial years 2009-10 to 2011-12. The approved cost remains at Rs. 8272.62 lakh, including a corpus fund of Rs. 7242.00 lakh, as recommended by the National Committee for Promotion of Social and Economic Welfare.
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