Section 35AC tax exemption: extension of SOS Children's Village scheme as eligible project with approved cost maintained. The Central Government, under section 35AC of the Income-tax Act, specifies the administration and maintenance of 27 existing villages by SOS Children's Village of India for providing free clothing, education, shelter and family environment to destitute orphaned and abandoned children as an eligible project for a further three years commencing from the financial year 2006-2007, with the approved project cost maintained and following recommendation by the National Committee for Promotion of Social and Economic Welfare.