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of <h1>Central Government Approves Section 35AC Projects for Tax Deductions: Supports Women, Tribal Development, Healthcare, Education, Community Projects.</h1> The notification under Section 35AC of the Income-tax Act, 1961, issued by the Central Government, approves various projects and schemes recommended by the National Committee for Promotion of Social and Economic Welfare. It lists institutions and their respective projects, including costs and maximum allowable deductions for tax purposes. These projects range from supporting distressed women, tribal development, healthcare initiatives, educational programs, to community development, with specified financial allocations for the fiscal years 2011-12 to 2013-14. The notification specifies the duration of approval for each project, ensuring tax benefits for donations made towards these initiatives.
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