Nootan Bharati Project in Gujarat Extended for Tax Benefits Under Section 35AC, Focuses on Education and Health Services.

The Central Government has specified the development and extension of the Institution of Nootan Bharati in Gujarat as an eligible project under section 35AC of the Income-tax Act, 1961. Initially recognized for two years starting from the assessment year 1997-98, the project includes a Gram Vidyapeeth, Rural Technical Institution, Primary Health Care Service Hospital, and hostels for female and backward class students. Due to its ongoing nature and proper execution, the National Committee recommended extending the project's eligibility for an additional three years from the assessment year 1999-2000, with an estimated cost of 193.5 lakh rupees.

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