Expenditure incurred by employers on training of apprentices covered under the Apprentices Act, 1961-Allowability thereof-Section 37(1) of the Income-tax Act, 1961-Clarifications regarding.

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..... Act, 1961-Allowability thereof-Section 37(1) of the Income-tax Act, 1961-Clarifications regarding. The Board have considered the question of allowability under section 37(1) of the Income-tax Act, 1961, of expenditure incurred on training of apprentices covered under the Apprentices Act, 1961. Any expenditure to qualify for deduction under section 37(1) of the Income-tax Act, 1961, must be laid .....

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..... g expenses incurred on imparting of the basic training to the apprentices under the said Act will be allowable as a deduction under section 37(1) of the Income-tax Act, 1961. 3. As regards expenses for imparting of practical training under Practical Training Stipends Scheme and Programme of Apprenticeship Training (PAT), these expenses will not be covered within the meaning of section 37(1) of t .....

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