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of <h1>Ministry of Finance Approves 28 Projects for Tax Deduction Under Section 35AC, Covering Education and Social Welfare</h1> The notification, issued by the Ministry of Finance, lists institutions approved by the National Committee for Promotion of Social and Economic Welfare under Section 35AC of the Income Tax Act, 1961. It details 28 projects, specifying the institutions involved, project descriptions, estimated costs, and the maximum deductible amounts for tax purposes. The projects cover various areas, including education, health, skill development, and social welfare, with approval for funding over three financial years from 2015-16 to 2017-18. The notification is effective for this period, allowing the specified costs to be claimed as deductions.
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