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of <h1>National Association for the Blind Project in Mumbai Gets 3-Year Extension Under Section 35AC; Tax Deduction Limit Increased</h1> The Central Government has extended the eligibility of the 'National Association for the Blind' project in Mumbai under Section 35AC of the Income-tax Act, 1961, for an additional three years starting from the financial year 2011-12. Initially notified in 2005 and extended in 2008, the project will now run through 2013-14. The project cost eligible for tax deduction has been increased from Rs. 13.50 crore to Rs. 25.50 crore, following a recommendation from the National Committee for Promotion of Social and Economic Welfare, which confirmed the project's proper execution.
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