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of <h1>Government Extends Section 35AC Tax Benefits for Thane Project Supporting Destitute Girls' Home and Educational Facilities by Three Years.</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income Tax Act, 1961, for an additional three years starting from the financial year 2005-2006. This project, managed by an organization located in Thane, includes the purchase of land, construction of a home for destitute girls, and the establishment of a high school and technical institute. Initially approved for two years starting from the assessment year 2004-2005, the project has been deemed to be executed properly by the National Committee for Promotion of Social and Economic Welfare, with an unchanged estimated cost of Rs. 1157.10 lakhs.
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