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of <h1>Chennai Project's Tax Benefit Eligibility Extended Under Section 35AC for Rural School, Hospital, and Community Development Work.</h1> The Central Government has extended the eligibility of a project by an organization in Chennai for tax benefits under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting in the financial year 2009-10, the project involves the development and extension of a rural school, hospital, and community development work. Following a recommendation by the National Committee for Promotion of Social and Economic Welfare, the project is now approved for an additional three years from 2012-13 to 2014-15, maintaining the approved cost of Rs. 68.12 lakh.
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