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of <h1>Government Approves Tax Deductible Projects under Section 35AC: Healthcare, Education, Infrastructure in Multiple States</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various institutions and specified projects eligible for tax deductions. The approved projects include healthcare facilities, educational institutions, and infrastructure developments across different states in India. The notification outlines the estimated costs and the maximum deductible amounts for each project. The notification is effective for two years for one project and three years for others, covering assessment years 1998-99 to 2000-2001. The institutions involved are located in Gujarat, West Bengal, Maharashtra, Andhra Pradesh, and Assam, among others.
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