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of <h1>Central Government Extends Gujarat Hospital Project Eligibility Under Section 35AC, Continuing Through 2016-17 Without Budget Changes.</h1> The Central Government has extended the eligibility of the 'Hospital project' by a specified organization in Gujarat under Section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the financial year 2013-14 with an estimated cost of 89 lakh, the project will now continue for an additional three years starting from the financial year 2014-15 through 2016-17. The National Committee for Promotion of Social and Economic Welfare recommended this extension, confirming the project's proper execution without altering the approved budget.
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