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of <h1>Government Approves Social Welfare Projects for Tax Deduction u/s 35AC, Covering 2010-13; Includes Healthcare and Training Initiatives.</h1> The Central Government, based on recommendations from the National Committee for Promotion of Social and Economic Welfare, has approved various projects and schemes under Section 35AC of the Income-tax Act, 1961. These projects, carried out by different institutions, include initiatives for the visually impaired, old age homes, innovative programs, cancer hospital expansions, vocational training, HIV/AIDS prevention, and more. The notification specifies the estimated costs and the maximum amounts eligible for tax deduction for each project. The approval period spans financial years 2010-11 to 2012-13 for most projects, with specific conditions outlined for the utilization of funds.
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