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of <h1>SOS Children's Village Project Deduction Limit Doubled to Rs. 100 Crore Under Section 35AC for Child Welfare Initiative.</h1> The Central Government has amended a previous notification to increase the maximum allowable deduction under Section 35AC of the Income-tax Act for the project 'Administration and maintenance of 27 existing villages for providing free clothing, education, and shelter' by SOS Children's Village of India. Initially notified in 1994, the project has been extended multiple times, with the estimated cost now raised from Rs. 50 crore to Rs. 100 crore. This amendment reflects the project's continued operation and the National Committee's satisfaction with its execution, ensuring support for destitute, orphaned, and abandoned children.
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