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of <h1>Government Extends Tax Eligibility for Charitable Trust's Vrudhashram and Eye Hospital Project in Gujarat u/s 35AC.</h1> The Central Government has extended the eligibility of the project undertaken by a charitable trust in Ahmedabad under section 35AC of the Income-tax Act, 1961. The project involves the construction and equipping of a Vrudhashram and Eye Hospital in Gujarat. Initially approved for three years starting from the assessment year 1997-98, the project is now specified for an additional three years beginning with the assessment year 2000-2001. This extension follows a recommendation from the National Committee, confirming the project's proper execution and estimated cost of 87.52 lakh rupees.
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