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of <h1>Integrated Rural Development Project in Alwar extended under Section 35AC, eligible for tax exemption until 2006.</h1> The Central Government has extended the eligibility of the Integrated Rural Development project in Tijara and Nimrana Blocks, Alwar, Rajasthan, by the PHD Rural Development Foundation as an eligible project under section 35AC of the Income-tax Act, 1961. Initially specified in 1996 and extended through 2003, the project is recognized for further extension due to its satisfactory execution. The project, with an estimated cost of 25 lakh rupees, is now eligible for tax exemption for an additional two years starting from the assessment year 2004-2005.
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