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of <h1>Central Government Extends Section 35AC(1) Tax Exemption for Aashara Mahila Utkarsh Trust's Project with Increased Budget</h1> The Central Government has extended the exemption under Section 35AC(1) of the Income-tax Act for the Aashara Mahila Utkarsh Trust's project involving the operation of an old age home and a women upliftment campaign in Anand, Gujarat. Initially notified in 2008 for three years, the project is now extended with an increased budget from Rs. 1.23 crore to Rs. 4.62 crore. This decision follows the National Committee for Promotion of Social and Economic Welfare's recommendation, acknowledging the project's proper execution and the need for additional funding to continue its activities.
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