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of <h1>Government Extends Tax Exemption for SEWA-Rural Project u/s 35AC, Supporting Rural Health and Development Initiatives.</h1> The Central Government has extended the exemption under Section 35AC of the Income Tax Act, 1961, for the SEWA-Rural project, focusing on integrated rural development through health and medical services for the rural poor and tribals. This includes vocational training for individuals aged 15 to 35, income generation activities for women, promotion of cottage industries, and assistance in constructing low-cost housing. Initially approved in 1994, the project has been extended multiple times, with the current extension covering the financial years starting from 2005-2006. The project cost remains at Rs. 518.50 lakhs, including a corpus fund of Rs. 100.00 lakhs.
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