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of <h1>Central Government Extends Tax Benefits for Pune Project Supporting Challenged Children Under Section 35AC Until 2013</h1> The Central Government has extended the eligibility of the project for constructing a home for mentally and physically challenged children, managed by the Society of Friends of Sassoon Hospital in Pune, under Section 35AC of the Income-tax Act, 1961. Initially notified in 2004 and extended in 2007, the project is now approved for an additional three years from 2010-11 to 2012-13. The maximum allowable project cost has been increased from Rs. 3 crore to Rs. 5 crore, including a corpus fund of Rs. 2 crore, following a recommendation by the National Committee for Promotion of Social and Economic Welfare.
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