9911796707
TMI BlogEXPENDITURE ON AGRICULTURAL EXTENSION PROJECT ON NOTIFIED ELIGIBLE AGRICULTURAL EXTENSION PROJECT U/S 35CCC OF THE INCOME-TAX ACT, 1961 - RALLIS KISAN KUTUMBA - MORE PULSES PROJECTX X X X Extracts X X X X X X X X Extracts X X X X ..... (Department of Revenue) NOTIFICATION NO. 41/2014 New Delhi, the 29th August, 2014 1. Name, address and PAN of the applicant Rallis India Limited, 156/157, 15th Floor, Nariman Bhawan, 227, Nariman Point, Mumbai-400021 (AABCR2657N) 2. Title of the agricultural extension project Rallis Kisan Kutumba (More Pulses Project) 3. Purpose of the agricultural extension project Under this project ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icultural extension project (other than cost of land or building) A.Y. 2015-16 (applicant has claimed expenses of ₹ 50,000,000/-. However, as project is being accorded approval from subsequent date in the F.Yr. 2014-2015, the expected expenditure for the relevant period would be much lesser) while for A.Y. 2016-17, likely expenditure is ₹ 7,50,00,000/-. 9. Amount, if any, to be char ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the conditions specified in the relevant provisions of the Act or the rules or the conditions mentioned in the notification issued under sub-rule (6) or sub-rule (9) of rule 6AAD. (iii) The approved entity shall not accept any amount from the beneficiary under the eligible agricultural extension project for training, education, guidance or any material distributed for the purposes of such trainin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed or reimbursable to the assessee by any person, whether directly or indirectly, shall not be eligible for deduction under section 35CCC. (vii) Where a deduction under this section 35CC of the Act is claimed and allowed for any assessment year, deduction shall not be allowed in respect of such expenditure under any other provisions of the Act for the same or any other assessment year. (viii) D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion for such programme; and c. a certificate from the Ministry of Agriculture, Government of India, regarding the genuineness of the agricultural extension project undertaken by the assessee during the previous year. (x) The Central Board of Direct Taxes shall withdraw the approval if the approved entity:- a. has ceased its activities; or b. its activities are found to be non-genuine; or c. i ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
