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    <title>Exemption u/s 35AC - Central Govt. Approved various Institutions as an eligible project or scheme</title>
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      <description>Exemption under section 35AC approves named institutions and specified projects, setting estimated costs and maximum deductible amounts and tying approvals to specified financial years. Approvals are subject to conditions including public notices that benefits to economically weaker sections are free, maintenance of beneficiary records, Chartered Accountant certification with returns that at least 50% of beneficiaries are from economically weaker sections and received full benefits free, phase or centre limitations, land-use conversion where required, and National Committee monitoring for certain projects.</description>
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