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of <h1>Central Government Extends Old Age Home Project Eligibility in Srikakulam for Three More Years u/s 35AC.</h1> The Central Government has extended the eligibility of a project for constructing an old age home complex in Srikakulam, Andhra Pradesh, managed by a local elders association, for an additional three years starting from the financial year 2006-2007. Initially recognized in 1999 under section 35AC of the Income-tax Act, 1961, the project's cost was set at Rs. 23.93 lakhs with a corpus fund of Rs. 20 lakhs. The National Committee for Promotion of Social and Economic Welfare confirmed the project's proper execution and recommended the extension without altering the approved budget.
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