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<h1>New Members Appointed to National Committee for Social and Economic Welfare under Section 35AC of Income Tax Act</h1> The Central Government has appointed new members to the National Committee for Promotion of Social and Economic Welfare under Section 35AC of the Income Tax Act, 1961. The appointments, effective from March 4, 2014, are for a term of three years. The committee comprises a chairman and 13 members with diverse backgrounds, including former judges, social workers, educators, and professionals in finance and public administration. This follows the expiration of the previous committee's term on January 31, 2014. The notification was issued by the Ministry of Finance, Department of Revenue.