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of <h1>Central Government Extends Section 35AC Tax Benefits for Gujarat Institution's Rural Development and Welfare Project</h1> The Central Government has specified a project by an institution in Gujarat as eligible under section 35AC of the Income-tax Act, 1961. The project includes development and extension of a rural technical institution, primary health care services, welfare activities, and hostels for women and backward class students. Initially approved for the assessment years 1997-1998 and extended until 1999-2000, it is now further extended for three more years starting from the assessment year 2002-2003. The project, estimated to cost approximately 193.5 million rupees, is deemed properly executed and recommended for continuation by the National Committee.
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