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of <h1>Central Government Approves Educational and Health Project in Gujarat u/s 35AC for Tax Benefits.</h1> The Central Government has specified the construction of a tutorial and children's activity hall, along with a compound wall, equipment, vehicle, furnishing, and the operation of a hospital, T.B. center, and educational activities in Ranasan-Harsol-Sabarkantha, Gujarat, as an eligible project under Section 35AC of the Income-tax Act, 1961. This project, undertaken by a society focused on rural health and development, has been recognized for an additional three years starting from the assessment year 2004-2005. The estimated cost is thirty-three lakhs with a corpus fund of twenty-five lakhs.
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