Wednesday, August 31, 2016

Agricultural Extension Project

Eligible assessee – All assessee

Eligible expenditure – Expenditure incurred on notified agricultural extension project in accordance with the prescribed guidelines

Deduciton allowed – 150% of such expenditure

Where a deduction is allowed under this section, then deduction for such expenditure is not allowed under any of the provisions of the Act for the same or any other assessement year.

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