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of <h1>India Extends Visamo Kids Foundation Project Eligibility Under Section 35AC for 3 Years, Increases Cost to 1.97 Crore</h1> The Government of India has extended the eligibility of the 'Visamo Kids Foundation' project under Section 35AC of the Income-tax Act, 1961, for an additional three years, covering the financial years 2013-14 to 2015-16. The project's cost has been increased from 38.58 lakh to 1.97 crore. However, no tax exemption will be available for the financial year 2013-14 as it has already passed. This extension and cost amendment were recommended by the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution.
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