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of <h1>Mid-day Meal Scheme in Bangalore Extended for Three Years; Max Deduction Raised Under Section 35AC of Income-tax Act.</h1> The Central Government has extended the eligibility of the 'Mid-day Meal Scheme' run by an organization in Bangalore for three additional years, covering the financial years 2015-16 to 2017-18. Initially notified in 1996, the project has been periodically extended and its estimated cost increased over the years. The latest amendment raises the maximum allowable deduction under section 35AC of the Income-tax Act from 90 lakh to 1 crore. The National Committee for Promotion of Social and Economic Welfare recommended this extension, confirming the project's proper execution and increased cost projection.
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