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of <h1>Finance Ministry Approves 28 Projects for Tax Deductions u/s 35AC in Health, Education, and Welfare Sectors.</h1> The notification by the Ministry of Finance, dated May 19, 1997, under Section 35AC of the Income-tax Act, 1961, approves various institutions and their eligible projects or schemes for tax deductions. It lists 28 projects, detailing the institutions involved, the nature and estimated costs of their projects, and the maximum amounts eligible for deduction. These projects span across health care, education, rural development, and social welfare initiatives in various Indian states. The notification specifies the validity of these approvals for different assessment years, primarily from 1998-99 to 2000-2001.
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