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of <h1>Government Extends Eligibility of H.B.S. Trust's School and Hospital Project in Jodhpur Under Section 35AC for Three Years</h1> The Central Government has extended the eligibility of the 'Establishment and running of the school and hospital' project by H.B.S. Trust in Jodhpur as a qualified scheme under Section 35AC of the Income-tax Act, 1961. Initially recognized in 2004, the project has received multiple extensions, and the latest notification extends it for an additional three years, covering the financial years 2015-16 to 2017-18. The approved cost remains at 937.74 lakh, including a corpus fund of 500.00 lakh. The extension follows a recommendation from the National Committee for Promotion of Social and Economic Welfare.
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