Deduction under section 35CCC
shardul bhurke (article) (34 Points)
20 March 2018
Whether deduction under section 35CCC is available on land and building acquired by assessee?
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 20 March 2018
Section 35CCC of the income tax act 1961 is for expenditure on agricultural extension project
shardul bhurke
(article)
(34 Points)
Replied 20 March 2018
yes I know. but my question is whether it is available on any expenditure incurred on land and building.
Deepak Kumar
(Student CA FINAL)
(12 Points)
Replied 02 June 2019
As specified by ministry for farmers welfare expenditure On land or building will not be allowed for 35CCC.
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