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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Ministry Approves Projects u/s 35AC; Tax Benefits for Education, Healthcare, and Blindness Prevention Initiatives.</h1> The notification, issued by the Ministry of Finance under Section 35AC of the Income-tax Act, 1961, approves various institutions based on recommendations from the National Committee. It specifies eligible projects, estimated costs, and maximum deductions allowed for assessment years 2003-2004 to 2005-2006. Approved projects include the Prayas Juvenile Aid Centre in Delhi, educational and healthcare facilities in Gujarat, Rajasthan, Maharashtra, and Haryana, and initiatives for blindness prevention in Bhopal. The notification details the financial allocations for each project, with the approval valid for three years. Subsequent amendments have adjusted certain financial figures.
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