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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Approves Tax-Exempt Projects for Public Welfare u/s 35AC: Mental Health, Disability, Healthcare Initiatives.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various institutions and their respective projects as eligible for tax exemptions. These include initiatives like public awareness programs on mental retardation, training and rehabilitation of disabled soldiers, water resource development, medical care for the elderly and leprosy patients, eye care services, and the construction of a super-speciality hospital. The approved projects have specified cost limits and conditions for free or cost-based treatment for low-income patients. This notification is valid for specified assessment years, varying between two to three years depending on the project.
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