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of <h1>Medical Trust Project in Anantpur Gains Tax Exemption Under Section 35AC for Three Years</h1> The Central Government has designated the project by a medical trust in Anantpur, Andhra Pradesh, as eligible under section 35AC of the Income-tax Act, 1961. This project involves establishing Urology and Nephrology units with an estimated cost of Rs. 5 crores and a Neurology unit costing Rs. 7.5 crores at a specialty hospital in Prasanthi Nilayam. This eligibility allows for tax exemptions and will be effective for three years, covering the assessment years 1992-93, 1993-94, and 1994-95.
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