Central Government Extends Dialysis Centre Project Eligibility for Tax Benefits Under Section 35AC, Covering FY 2014-17.
The Central Government has extended the eligibility of the "Dialysis Centre" project by a health and medical relief organization in Surat under Section 35AC of the Income-tax Act, 1961. Initially approved for three years with an estimated cost of 15 crore, the project has been recognized for proper execution and recommended for continuation by the National Committee for Promotion of Social and Economic Welfare. Consequently, the project will remain eligible for tax benefits for an additional three years, covering the financial years 2014-15, 2015-16, and 2016-17, without any change in the approved funding.
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