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of <h1>Government Extends Eligibility for Gujarat Trust's Training Centre Project u/s 35AC, Increases Budget to Rs. 93.30 Lakhs.</h1> The Central Government has extended the eligibility of the project run by a trust in Sabarkantha District, Gujarat, under Section 35AC of the Income Tax Act, 1961. This project involves equipping, furnishing, and operating a Residential Training Centre for mentally challenged individuals. Initially approved for three years starting from the 1996-1997 assessment year, and later extended, the project is now authorized for an additional three years beginning with the 2002-2003 assessment year. The estimated project cost has been revised from Rs. 35.70 lakhs to Rs. 93.30 lakhs, following a recommendation by the National Committee.
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