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of <h1>Central Government Extends Tax Exemption for CHIRAG's Rural Hospital Project Under Section 35AC, Adding Two More Years.</h1> The Central Government has extended the eligibility of a project by the Central Himalayan Rural Action Group (CHIRAG) for tax exemption under Section 35AC of the Income-tax Act, 1961. This project involves constructing a rural hospital, along with furnishing, equipment, and an ambulance in Ramgarh Block, Kumaon, Nainital, Uttar Pradesh. Initially approved for three years starting from the assessment year 1998-99, the project has been granted an extension of two additional years, beginning with the assessment year 2001-2002, with an estimated cost of 1.55 crore rupees and a corpus fund of 70 lakh rupees.
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