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of <h1>Ministry of Finance Withdraws Tax Exemption for Navjeevan Charitable Trust u/s 35AC of Income-tax Act.</h1> The notification from the Ministry of Finance, Department of Revenue, announces the withdrawal of approval for the Navjeevan Charitable Trust under section 35AC of the Income-tax Act, 1961. This affects projects such as the Shree Navjeevan Vocational Training Programme, A Caring Hand, and Sankalap. The approval was initially granted for these projects, allowing tax exemptions. However, following an inquiry and lack of response from the Trust, the National Committee recommended the withdrawal. Consequently, the related notifications and tax benefits previously granted are now rescinded, and certificates under section 35AC will not be considered for tax calculations.
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