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What is Expenditure on agricultural extension project? What is Expenditure on skill development project? Section 35CCC and 35CCD of Income Tax Act 1961

Expenditure on agricultural extension project and Expenditure on skill development project are defined under section 35CCC and 35CCD of Income Tax Act 1961. Provisions under these sections are:

Section 35CCC of Income Tax Act "Expenditure on agricultural extension project"

35CCC. (1) Where an assessee incurs any expenditure on agricultural extension project notified by the Board in this behalf in accordance with the guidelines as may be prescribed54, then, there shall be allowed a deduction of a sum equal to one and one-half times of such expenditure.

 

(2) Where a deduction under this section is claimed and allowed for any assessment year in respect of any expenditure referred to in sub-section (1), deduction shall not be allowed in respect of such expenditure under any other provisions of this Act for the same or any other assessment year.

 

Section 35CCD of Income Tax Act "Expenditure on skill development project"

35CCD. (1) Where a company incurs any expenditure (not being expenditure in the nature of cost of any land or building) on any skill development project notified by the Board in this behalf in accordance with the guidelines as may be prescribed, then, there shall be allowed a deduction of a sum equal to one and one-half times of such expenditure.

(2) Where a deduction under this section is claimed and allowed for any assessment year in respect of any expenditure referred to in sub-section (1), deduction shall not be allowed in respect of such expenditure under any other provisions of this Act for the same or any other assessment year.

Income Tax Act 1961

What is Development rebate? Section 33 of Income Tax Act 1961

What is Development allowance? Section 33A of Income Tax Act 1961

What is Tea development account, coffee development account and rubber development account? Section 33AB of Income Tax Act 1961

What is Site Restoration Fund? Section 33ABA of Income Tax Act 1961

What is Reserves for shipping business? Section 33AC of Income Tax Act 1961

What is Rehabilitation allowance? Section 33B of Income Tax Act 1961

What is Conditions for depreciation allowance and development rebate? Section 34 of Income Tax Act 1961

What is Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies? Section 34A of Income Tax Act 1961

What is Expenditure on scientific research? Section 35 of Income Tax Act 1961

What is Expenditure on acquisition of patent rights or copyrights? Section 35A of Income Tax Act 1961

What is Expenditure on know-how? Section 35AB of Income Tax Act 1961

What is Expenditure for obtaining licence to operate telecommunication services? Section 35ABB of Income Tax Act 1961

What is Expenditure on eligible projects or schemes? Section 35AC of Income Tax Act 1961

What is Deduction in respect of expenditure on specified business? Section 35AD of Income Tax Act 1961

What is Expenditure by way of payment to associations and institutions for carrying out rural development programmes? Section 35CCA of Income Tax Act 1961

What is Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources? Section 35CCB of Income Tax Act 1961

What is Expenditure on agricultural extension project? What is Expenditure on skill development project? Section 35CCC and 35CCD of Income Tax Act 1961

What is Amortisation of certain preliminary expenses? Section 35D of Income Tax Act 1961

What is Amortisation of expenditure in case of amalgamation or demerger? What is Amortisation of expenditure incurred under voluntary retirement scheme? Section 35DD and 35DDA of Income Tax Act 1961

What is Deduction for expenditure on prospecting, etc., for certain minerals? Section 35E of Income Tax Act 1961

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