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of <h1>Tax Exemptions Approved for Diverse Projects u/s 35AC, Including Sports, Housing, Training, and Healthcare in India.</h1> The notification approves various institutions and projects as eligible under Section 35AC of the Income-tax Act, 1961, allowing them tax exemptions. The projects include sports promotion, construction of dwelling units, vocational training, rural development, healthcare expansion, and support for disadvantaged groups across different Indian states. The notification details the estimated costs and maximum deductible amounts for each project. It specifies the duration of validity for each project, ranging from one to three years, applicable to different assessment years. The notification includes amendments to previous cost estimates and project details.
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