Central Government Raises Funding Limit for Ahmedabad Medical Project to 470 Lakh Under Income-Tax Act Section 35AC.

The Central Government has amended a previous notification regarding the eligibility of a project by an organization in Ahmedabad under section 35AC of the Income-tax Act, 1961. Initially notified in 1996, the project involves conducting medical camps and services across Gujarat. The project's cost, initially set at 94 lakh, has been incrementally increased over the years, with the latest amendment raising it to 470 lakh, including a corpus fund of 270 lakh. The National Committee for the Promotion of Social and Economic Welfare recommended this increase, confirming the project's proper execution.