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of <h1>Banwasi Seva Ashram Projects Get Tax Benefit Extension for 3 Years Under Section 35AC of Income-tax Act 1961.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has extended the eligibility of certain projects by Banwasi Seva Ashram in Sonbhadra, U.P., for tax benefits. These projects include the Mission for Gram Swarjya-Youth for National Construction, the construction and equipment of 100 Women and Children Centres in tribal villages, and a hostel-cum-training centre for disadvantaged students. Initially approved in 1992 and extended multiple times, these projects are now eligible for a further three-year period starting from the 2002-2003 assessment year, with an estimated cost of nine crores.
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