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of <h1>Govt Approves Tax-Exempt Projects u/s 35AC: Medical, Educational Facilities, and Polio Eradication Initiatives Supported.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various projects for tax exemption based on recommendations from the National Committee. These projects, undertaken by different institutions, include construction and furnishing of medical and educational facilities, rehabilitation services, and campaigns for polio eradication. The notification specifies the estimated costs and the maximum allowable deductions for each project. The projects are set to be effective for specific assessment years, with some valid for two years and others for three. The notification includes amendments to previously stated financial figures.
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