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of <h1>Government Extends Trust's Project Eligibility in Gujarat; Section 35AC Exemption Not Applicable for 2007-08 Donations</h1> The Central Government has extended the eligibility of the project conducted by a trust in Ahmedabad, which includes eye and polio operation camps, oxygen cylinder services, and ambulance services across Gujarat, for an additional three years starting from the financial year 2007-08. However, the exemption for donations under section 35AC of the Income-tax Act will not apply to funds collected during the financial year 2007-08. The project's estimated cost has been increased from Rs. 128 lakh to Rs. 153 lakh. This decision follows recommendations from the National Committee for the Promotion of Social and Economic Welfare.
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