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of <h1>Govt Approves Projects u/s 35AC of Income-tax Act; Includes Orphanages, Medical Facilities, and Tribal Welfare Initiatives.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved several institutions for various projects, specifying the eligible projects, estimated costs, and maximum deductible amounts. Projects include orphanage expansions, medical facility construction, tribal welfare, health awareness, and educational infrastructure. The notification outlines the duration of approval, ranging from one to three years, for each project. The approved institutions are located across various regions, including West Bengal, Andhra Pradesh, Rajasthan, Maharashtra, and Gujarat. The notification is valid for specific assessment years, with conditions for certain projects regarding beneficiaries and financial documentation.
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