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of <h1>Govt Approves Tax Deductions for Various Projects u/s 35AC, Including Healthcare and Education Initiatives.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various institutions for specified projects or schemes, allowing deductions for their costs. These projects include a drinking water project in Tamil Nadu, treatment facilities for economically weaker sections in Chennai, an eye care program in Delhi, rehabilitation activities for leprosy patients in Gujarat, blood bank equipment in Chennai, slum rehousing in West Bengal, educational and medical services in Midnapore, hospital renovations in Gujarat, and more. The notification specifies the maximum deductible amounts and is valid for different periods for each project.
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