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of <h1>Government Approves Tax-Exempt Projects u/s 35AC: Focus on Education, Healthcare, Women's Empowerment, and Rural Development.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved various projects as eligible for tax exemption. These projects, recommended by the National Committee, span sectors such as education, healthcare, women's empowerment, and rural development. The notification lists institutions and their respective projects, specifying the estimated costs and the maximum amounts allowed for deduction over designated assessment years. The projects include construction of hostels, hospitals, schools, and centers for empowerment, with funding ranging from Rs. 35 lakhs to Rs. 3600 lakhs, applicable for varying periods from one to three years.
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