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of <h1>Government Extends Section 35AC Tax Benefits for Rashtrotthana Parishat's Infrastructure Project for Three More Years</h1> The Central Government has extended the designation of a project by Rashtrotthana Parishat in Bangalore as eligible under section 35AC of the Income-tax Act, 1961. Initially approved in 2003 for two years, the project involves constructing school and hospital buildings, residential quarters, roads, and other infrastructure. The National Committee for Promotion of Social and Economic Welfare has recommended extending the project for an additional three years, beginning in the financial year 2005-2006, with no change in the estimated cost of Rs. 670 lakhs.
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