Government Extends Tax Benefit Eligibility for Mathura Cancer Hospital Project u/s 35AC for Three More Years.
The Central Government has extended the eligibility of a project managed by a charitable trust in Mathura, Uttar Pradesh, for tax benefits under section 35AC of the Income-tax Act, 1961. This project involves the construction of a building, purchase of equipment, and operation of a cancer hospital with outreach services. Initially approved for three years starting from the assessment year 2001-2002, the project is now extended for another three years beginning from the assessment year 2004-2005, with an estimated cost of INR 3.5 crore. The extension follows a recommendation by the National Committee for Promotion of Social and Economic Welfare.
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