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of <h1>Government Extends Section 35AC Tax Exemption for SOS Children's Villages Project Supporting Orphaned and Abandoned Children</h1> The Central Government has extended the exemption under section 35AC of the Income-tax Act, 1961, for the project 'Administration and maintenance of 27 existing villages' by SOS Children's Villages of India. This project provides free clothing, education, shelter, and a family environment to destitute, orphaned, and abandoned children. Initially notified in 1994, the project has been periodically extended, with the latest extension covering financial years 2009-2010 to 2011-2012. The approved cost remains at Rs. 100 crore. The National Committee for Promotion of Social and Economic Welfare has confirmed the project's proper execution and recommended its continuation.
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