Exemption u/s 35AC - Central Government had specified for running of hospital, purchase of equipment and welfare activities by Karuna Setu Trust, Vadnagar, Gujarat, as an eligible project or scheme - 29(E) - Income Tax

Karuna Setu Trust's Hospital Project Eligibility Extended for Three Years Under Section 35AC of Income-tax Act

The Central Government has extended the eligibility of the Karuna Setu Trust's project in Vadnagar, Gujarat, under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 1999-2000, the project involves running a hospital, purchasing equipment, and conducting welfare activities. The National Committee, satisfied with the project's execution, recommended its extension for another three years, beginning from the assessment year 2002-2003. The estimated cost of the project is INR 67.48 lakhs, including a corpus fund of INR 30 lakhs.