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of <h1>Charitable Trust's Vrudhashram and Eye Hospital Project in Gujarat Extended u/s 35AC for Three More Years.</h1> The Central Government has specified the construction and equipping of a Vrudhashram and Eye Hospital at Sachina, Gujarat, by a charitable trust as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially approved in 1996 for three years and extended in 1999, the project is now further extended for an additional three years starting from the assessment year 2003-2004. The project, managed by a charitable trust in Ahmedabad, is estimated to cost approximately 8.75 million rupees and has been deemed to be executed properly by the National Committee.
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