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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Exemptions Approved for Projects u/s 35AC, Covering Orphan Homes, Hospitals, Education, and More (2006-09.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various institutions for eligible projects or schemes, allowing them tax exemptions. The notification lists institutions and their projects, specifying the estimated costs and the maximum amounts allowed as deductions. Projects include an orphan home, cancer hospital expansion, sanitation and health projects, hospitals, educational institutions, goat farming, rural livelihood improvement, and old age homes. The notification is effective for two to three years, covering financial years 2006-07 to 2008-09, with specific durations for each project.
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