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of <h1>Tax Exemption Extended for Projects Under Section 35AC, Including Women & Children Centres, Banwasi Bhawana Hostel</h1> The Central Government has extended the eligibility of certain projects under section 35AC of the Income-tax Act, 1961, for tax exemption. These projects include the Mahatma Gandhi Mission for Gram Swarjya, construction of 100 Women and Children Centres in Sonbhadra, and the Banwasi Bhawana Hostel-cum-training Centre for SC/ST and other poor students, all executed by Banwasi Seva Ashram in Sonbhadra, UP. Initially approved for three years starting from the 1993-1994 assessment year, the projects have been extended multiple times, now continuing for another three years from the 2004-2005 financial year.
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