Agriculture extension project deduction
Splendid Tuber (1 Points)
13 April 2021
i am not getting the application of agriculture extension project deduction
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 13 April 2021
Expenditure incurred towards notified agricultural extension project is allowed as a deduction under section 35CCC of the Income Tax Act. Notably, the guidelines for approval of such agricultural extension project is covered under rule 6AAD of the Income Tax Rules, whereas, the conditions are prescribed under rule 6AAE.
100% of the eligible expenditure shall be allowed for deduction u/s 35CCC
100% of the eligible expenditure shall be allowed for deduction u/s 35CCC
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