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of <h1>Government Extends Eligibility for Educational Project Under Section 35AC, Income-tax Act, 1961 for Two More Years</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, for the construction and furnishing of an educational institution by a charitable trust in Kaimganj, Uttar Pradesh. Initially approved for three years starting from the 2000-2001 assessment year, the project has been granted an extension for an additional two years, beginning with the 2003-2004 assessment year. The project, managed by a public charitable trust, involves an estimated cost of 2.81 crore rupees and has been recognized for its proper execution by the National Committee.
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