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of <h1>Central Government Approves Projects u/s 35AC for Hostels, Schools, Medical Facilities, and More Across India.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, approves several institutions for eligible projects and schemes. The approved projects include construction and development initiatives such as student hostels, schools, medical facilities, and community centers across various locations. Notable projects include a students' hostel by an institution in Calcutta, a pediatric ward by a trust in Tamil Nadu, and a rehabilitation center for the deaf in New Delhi. The notification is effective for three assessment years starting from 1993-94. Subsequent amendments to this notification have been issued in later years.
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