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of <h1>Central Government Extends Amrita Kuteeram Housing Project Eligibility Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the 'Development of land and construction of 1,00,000 houses, 'Amrita Kuteeram' all over India' project by a charitable trust in Kerala under section 35AC of the Income-tax Act, 1961. Initially approved in 1997, the project has undergone multiple extensions and cost enhancements, with the latest approved cost being 300 crore. The project, deemed to be executed properly, is now extended for an additional three years, covering the financial years 2015-16, 2016-17, and 2017-18, as recommended by the National Committee for Promotion of Social and Economic Welfare.
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