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of <h1>Income-tax Act Section 35AC Exemption Extended for Rajasthan Polio Hospital Project; Budget Increased to Rs. 64.28 Crore.</h1> The Central Government has extended the exemption under section 35AC of the Income-tax Act, 1961, for the project 'Running of Polio Hospital, Rehabilitation and Research Centre' by an organization in Rajasthan. Initially notified in 1997, the project has been extended multiple times, with the latest extension covering the financial years 2009-2010 to 2011-2012. The project's estimated cost has been increased from Rs. 34.23 crore to Rs. 64.28 crore, including a corpus fund of Rs. 2.00 crore. The National Committee for the Promotion of Social and Economic Welfare recommended this extension, confirming the project's proper execution.
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