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of <h1>Government Extends Section 35AC Tax Benefits for Ayurvedic Hospital Project in Gujarat, Funding Increased for Continued Development.</h1> The Central Government has extended the eligibility of a project under section 35AC of the Income-tax Act, 1961, for constructing a building with modern amenities for an Ayurvedic Hospital in Zadeshwar, Gujarat. This project, executed by a specified hospital organization in Gujarat, was initially approved for three years starting from the assessment year 1998-99 and extended for another three years from 2001-2002. Due to its ongoing nature and proper execution, the National Committee recommended a further extension for three more years, starting from the assessment year 2004-2005, with an estimated cost of INR 2.7 crores plus a corpus fund of INR 1 crore.
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