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of <h1>Jivan Jyot Charitable Trust's Hospital Project Gains Three-Year Tax Benefit Extension under Section 35AC, Totaling Rs. 14.44 Crore.</h1> The Central Government has extended the eligibility of a project by Jivan Jyot Charitable Trust, associated with Patan Janta Hospital, for tax benefits under Section 35AC of the Income-tax Act, 1961. Initially notified for three years starting from the 2008-09 financial year, the project involves purchasing hospital equipment and raising a corpus fund. Following a recommendation by the National Committee for Promotion of Social and Economic Welfare, the project will continue for an additional three years, from 2011-12 to 2013-14, with an approved cost of Rs. 14.44 crore, including a Rs. 7.00 crore corpus fund.
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