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<h1>Central Govt Extends CRY Project Eligibility Under Income-tax Act Section 35AC for 3 More Years, Until 2017-18.</h1> The Central Government has extended the eligibility of the 'CRY Supported Development project all over India' under Section 35AC of the Income-tax Act, 1961, for an additional three years, covering the financial years 2015-16, 2016-17, and 2017-18. Initially specified in 1994, the project has undergone multiple extensions and cost enhancements, with the latest approved cost set at 255.14 crore. The National Committee for Promotion of Social and Economic Welfare has confirmed the project's proper execution, prompting the recent extension without altering the approved budget.
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