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of <h1>Finance Ministry Approves Tax Exemptions for 21 Institutions' Projects u/s 35AC of Income-tax Act, 1961.</h1> The Ministry of Finance, under Section 35AC of the Income-tax Act, 1961, has approved various institutions for eligible projects or schemes, allowing them tax exemptions. This notification lists 21 institutions with their respective projects, estimated costs, and the maximum allowable deduction amounts for specified financial years. Projects include educational programs, healthcare initiatives, vocational training, and social welfare activities. The notification specifies that some projects have a two-year approval period for 2009-2011, while others have a three-year period for 2009-2012. Each project is detailed with the institution's name, project purpose, and financial allocation.
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