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of <h1>Govt Extends and Amends Health Project Funding u/s 35AC; Cost Increases from Rs. 75 Lakh to Rs. 125 Lakh.</h1> The notification pertains to the extension and amendment of a project under Section 35AC of the Income-tax Act, 1961. The project, 'Running of Omayal Achi Community Health Centre at Arakambakkam,' managed by a Chennai-based trust, was initially notified in 2002 and has received multiple extensions. The National Committee for Promotion of Social and Economic Welfare recommended an increase in the project's estimated cost from Rs. 75 lakh to Rs. 125 lakh, maintaining a corpus fund of Rs. 63 lakh. The Central Government has approved this amendment, allowing the updated amount as a deduction under the specified section of the Income-tax Act.
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