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of <h1>Chennai Medical Foundation's Free Eye Surgeries Project Extended Under Section 35AC, Funding Increased to Rs. 68.07 Crore</h1> The Central Government has extended the eligibility of the 'Free Eye Surgeries and Running of Hospital' project by a medical foundation in Chennai under Section 35AC of the Income Tax Act, 1961, for another three years starting from the financial year 2012-13. Initially recognized in 2004 and extended in 2006 and 2009, the project is deemed to be executed properly by the National Committee for Promotion of Social and Economic Welfare. The project cost is amended from Rs. 32.70 crore to Rs. 68.07 crore, with the corpus fund increased from Rs. 28 crore to Rs. 52 crore.
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