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of <h1>Government Extends Section 35AC Tax Benefits for Bhaorao Deoras Health Science Projects for Additional Three Years</h1> The Central Government specified the Bhaorao Deoras Health Science Institution and Bhaorao Deoras Seva Nyas in Lucknow, Uttar Pradesh, as eligible projects under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 2000-2001, the projects involve purchasing land, constructing buildings, and furnishing facilities for educational and health science purposes. Due to satisfactory execution, the National Committee recommended extending the eligibility for another three years from the assessment year 2003-2004, with an estimated cost of INR 3.76 crores.
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