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of <h1>Education Scholarships in Gujarat and Maharashtra Extended u/s 35AC, Income-tax Act, 1961; Managed by U.V. Patel Foundation.</h1> The Central Government has specified a scheme for awarding education scholarships and grants in Gujarat and Maharashtra, managed by U.V. Patel Foundation, Pune, as an eligible project under section 35AC of the Income-tax Act, 1961. Initially approved for two years starting from the 1998-99 assessment year, the scheme has been extended for an additional two years beginning with the 2000-2001 assessment year. The project is estimated to cost INR 2.88 crores and has been recommended for extension by the National Committee, confirming its proper execution.
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