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of <h1>Government Approves Tax Deductions for 22 Social Welfare Projects Under Section 35AC of Income Tax Act</h1> The Central Government, following recommendations from the National Committee for Promotion of Social and Economic Welfare, has approved various institutions and their projects for tax deductions under Section 35AC of the Income Tax Act, 1961. This approval covers projects ranging from construction, health programs, skill development, and empowerment initiatives, with specified costs and maximum allowable deductions for the financial years 2015-16 to 2017-18. The notification lists 22 projects, including old age homes, health camps, skill development centers, and community upliftment programs, each with an estimated cost and approved deduction limit for the specified period.
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