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of <h1>Govt Approves Tax Deductions for Educational Projects in Gujarat Under Section 35AC of Income-tax Act, 1961</h1> The Central Government, under Section 35AC of the Income-tax Act, 1961, has approved projects by two institutions for tax deductions. Veerayatan is approved for operating a primary school in Kutch, Gujarat, with an estimated cost of Rs. 7 crore, eligible for deduction over the financial years 2013-14 to 2015-16. Shri Shiv Shakti Dham Education & Charitable Trust is approved for providing free education and welfare programs for SC/ST and Adivasi girls and women in South Gujarat, with an estimated cost of Rs. 3.96 crore, also eligible for deduction over the same period. This notification is valid for three years.
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