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of <h1>Gujarat Trust Project under Section 35AC of Income-tax Act Extended for Three Years, Budget Remains Unchanged.</h1> The Central Government has extended the eligibility of the project by a trust in Gujarat under Section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the financial year 2013-14, the project, with an estimated cost of 5 crore including a 1.50 crore corpus fund, has been extended for another three years from 2014-15 to 2016-17. This decision follows a recommendation by the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution. The extension maintains the original budget without changes.
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