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of <h1>Charitable Trust's Welfare Project in Ahmedabad Gets Tax Deduction Approval Under Section 35AC, Estimated Cost Raised to 490 Lakh.</h1> The Central Government has issued a notification under Section 35AC of the Income-tax Act, 1961, recognizing a project by a charitable trust in Ahmedabad as eligible for tax deductions. The project involves purchasing ambulances, medical instruments, and conducting welfare activities, including medical aid, camps, and distributing food and clothes. Initially notified in 1998, the project has been extended multiple times, with the estimated cost now increased to 490 lakh, including a 30 lakh corpus fund. The National Committee for the Promotion of Social and Economic Welfare has confirmed the project's proper execution and recommended the cost amendment.
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