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of <h1>Mumbai Charitable Trust Project Extended u/s 35AC; Increased Budget and Address Update for Tax Benefits.</h1> The Central Government has extended the eligibility of a project by a charitable trust in Mumbai under Section 35AC of the Income-tax Act, 1961. Initially notified in 2009, the project includes vocational training, medical camps, and goods distribution. It has been extended for three more financial years starting 2011-12, with an increased project cost from Rs. 39.11 crore to Rs. 68.65 crore. Additionally, the trust's address has been updated to a new location in Mumbai. This notification ensures continued tax deduction benefits for contributions to the project.
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