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of <h1>Government Approves Tax Exemptions for Projects u/s 35AC, Supporting Orphanages, Health, and Education Initiatives.</h1> The Central Government, under the powers of Section 35AC of the Income-tax Act, 1961, has approved various institutions for tax exemption on eligible projects and schemes. These projects include construction and maintenance of facilities for orphan children, rehabilitation centers for the handicapped, health education programs, legal-aid camps, hospital extensions, rural development programs, and educational initiatives. Each project has a specified maximum cost eligible for deduction. The notification outlines the duration of these approvals, which vary from one to three years depending on the project. The document also includes a detailed list of supported initiatives by CRY (Child Relief and You) across different regions.
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