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of <h1>Government Extends Tax Benefit for Ahmedabad School Project u/s 35AC for Three More Years.</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, for constructing school, hostel, and residential quarters at Village Sola, Daskroi Taluk, Ahmedabad, Gujarat. Initially recognized in 1998 for three years and extended in 2001, the project by an organization has been approved for an additional three years starting from the financial year 2004-2005. The project, with an estimated cost of 32 lakhs, continues to be executed properly, as confirmed by the National Committee for Promotion of Social and Economic Welfare.
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