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of <h1>Central Government Approves Institutions for Tax-Deductible Projects u/s 35AC: Sports, Education, Healthcare, and More.</h1> The Central Government, under the Income-tax Act, 1961, section 35AC, has approved various institutions for eligible projects or schemes. These include financial assistance for sports, vocational training centers, healthcare facilities, educational buildings, and slum redevelopment. The notification outlines the estimated costs and maximum deductible amounts for each project. The projects are approved for varying durations, ranging from one to three years, covering assessment years from 1995-96 to 1998-99. The notification specifies the institutions and projects, including sports funds, medical trusts, educational societies, and slum clearance initiatives, with detailed financial allocations.
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