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<h1>Hospital Project in Andhra Pradesh Gains Section 35AC Tax Benefits, Extended for Three More Years with INR 4.92 Crore Budget.</h1> The Central Government has designated the construction, furnishing, and equipping of a hospital and research center by a trust in Andhra Pradesh as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 1997-98, the project is recognized for its proper execution and is now extended for an additional three years beginning with the assessment year 2000-2001. The estimated cost for this project is INR 4.92 crore.