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of <h1>Central Government Extends Surat Project Eligibility u/s 35AC Until 2017-18; Approved Cost Remains Rs. 275 Lakh.</h1> The Central Government has extended the eligibility of the project 'Running of hostel, medical, self-employment projects' by an organization in Surat, Gujarat, under section 35AC of the Income-tax Act, 1961. Initially notified in 2003 and extended multiple times, the project is now approved for an additional three years, covering the financial years 2015-16 to 2017-18. The project, recognized for its proper execution by the National Committee for Promotion of Social and Economic Welfare, maintains an approved cost of Rs. 275 lakh.
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