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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Approves Tax Deductions for Social Welfare Projects u/s 35AC of Income-tax Act 1961.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has approved several institutions for tax deductions based on recommendations from the National Committee for Promotion of Social and Economic Welfare. The notification specifies the approved projects, their estimated costs, and the maximum deductible amounts for each institution. The projects include a co-education school in New Delhi, a childhood blindness project in Kolkata, a sustainability fund for a children's home in Tamil Nadu, and a rehabilitation center in Kerala. The notification applies to financial years 2008-09 to 2010-11, with varying durations for each project.
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