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of <h1>Govt Approves Tax Exemption for Healthcare, Education, and Welfare Projects u/s 35AC of Income-tax Act.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various institutions for tax exemption on eligible projects. The notification lists several projects, including construction and operational activities for healthcare, education, and social welfare across different regions in India. Each project is specified with its estimated cost and the maximum allowable deduction. The notification is valid for two years for one project and three years for others, covering assessment years 1999-2000 to 2001-2002. The projects aim to support healthcare, education, and social welfare initiatives in various states.
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