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of <h1>Central Government Extends Tax Benefits for Gujarat Charitable Hospital Project Under Section 35AC Until 2016-17</h1> The Central Government has extended the eligibility of the project 'Expansion of the Charitable Hospital & Educational Activities' by a welfare trust in Gujarat under section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the 2013-14 financial year, the project will continue for an additional three years, covering 2014-15 to 2016-17, with an unchanged estimated cost of 17.73 crore. This decision follows the National Committee for Promotion of Social and Economic Welfare's recommendation, affirming the project's proper execution.
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