Expenditure on Skill Development Project - Section 35CCD - Income Tax - Ready Reckoner - Income Tax

Expenditure on Skill Development Project - Section 35CCD 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 CBDT, then, there shall be allowed a deduction of a sum equal to 100% of such expenditure. Note: 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 assessment year.