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of <h1>Government Extends Tax-Exempt Medical Aid Project for Poor Patients in Ahmedabad u/s 35AC, Income-tax Act.</h1> The Central Government has specified a project under section 35AC of the Income-tax Act, 1961, for providing free medical aid to poor and destitute patients in Ahmedabad, Gujarat, by an organization. Initially approved in 1995, the project has been extended multiple times, with the most recent extension covering the financial years 2007-08 to 2009-10. The estimated cost, which increased from Rs. 12 lakhs to Rs. 72 lakhs over the years, remains unchanged. The project is recognized as an eligible scheme for tax exemption purposes, following a recommendation from the National Committee for Promotion of Social and Economic Welfare.
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