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of <h1>Government Extends Tax Benefit for Indian Red Cross Society's Gujarat Project Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the Indian Red Cross Society's project in Gujarat under Section 35AC of the Income-tax Act, 1961, for an additional three years, covering financial years 2011-12 to 2013-14. This project includes Thalassemia Screening, Disaster Management, Mobile Medicare, and other social welfare programs. The National Committee for Promotion of Social and Economic Welfare recommended the extension, increasing the project cost from Rs. 9.62 crore to Rs. 13.55 crore, including a corpus fund of Rs. 50 lakh. The notification amends the previous notification dated 13th March 2009.
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