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of <h1>Government Extends Eligibility for Handicapped Children's Project Under Section 35AC of Income Tax Act, 1961</h1> The Central Government has extended the eligibility of the project 'Construction, aids/applications/equipments, vans, furnishing and running of home for spastics' by the Handicapped Children's Parents Association in New Delhi under Section 35AC of the Income Tax Act, 1961. Initially recognized in 1997, the project has been extended multiple times and is now approved for an additional three years starting from the financial year 2006-2007, without altering the approved cost of Rs. 245 lakh. However, exemptions for donations made in the financial year 2006-2007 will not be issued.
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