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of <h1>Central Government Raises Funding for Mehsana Hospital Project; Section 35AC Tax Exemption Excludes CSR Contributions.</h1> The Central Government has amended the notification regarding the 'Running of Smt. Savitaben Ramanlal Dahyalal Shah Sarvajanik Hospital' project in Mehsana, Gujarat. Initially notified in 2002, the project cost has been increased from Rs. 113.75 lakh to Rs. 163.75 lakh, maintaining a corpus fund of Rs. 28 lakh. This amendment follows recommendations from the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution. However, the exemption under Section 35AC of the Income-tax Act does not apply to funds received under Schedule VII of Section 135 of the Companies Act and CSR Rules 2014.
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