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of <h1>Ministry of Finance Approves Projects u/s 35AC for Tax Benefits, Covering Healthcare, Education, and Rural Development.</h1> The notification from the Ministry of Finance approves various institutions and their projects or schemes as eligible under Section 35AC of the Income-tax Act, 1961. These projects span across different states in India, focusing on areas such as education, healthcare, infrastructure, and rural development. Each project is assigned a specific maximum expenditure amount eligible for tax deduction. The notification specifies the duration for which these projects will be considered eligible, ranging from one to three years, depending on the project. The list includes diverse initiatives like training centers, hospitals, schools, and environmental programs.
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