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of <h1>Govt Extends Watershed Development Project Eligibility in Maharashtra u/s 35AC, Income Tax Act for 3 Years.</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income Tax Act, 1961. This project, led by an organization in Maharashtra, focuses on watershed development in the Konkan region and the integrated development of villages in Panvel and Pen talukas of Raigad District. Initially recognized in 1993, the project's eligibility has been extended multiple times, most recently for an additional three years starting from the financial year 2005-2006. The approved estimated cost remains at Rs. 322.50 lakhs, as recommended by the National Committee for Promotion of Social and Economic Welfare.
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