Guidelines for Weighted Deduction of 150% of the Expenditure Incurred on skill Development u/s 35ccd
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Press Release Dated 18th July, 2013 Subject : Guidelines for Weighted Deduction @ 150% of the Expenditure Incurred on skill Development Under Section 35ccd of the Income-Tax Act, 1961. The National Manufacturing Policy (NMP) 2011 proposed to provide inter alia, the following… Read More
Tags: Finance Act, Government of India, Income tax, Income Tax Act, Income Tax Act 1961, Nazi Party, NSDA, Taxation in India
Income-tax (10th Amendment) Rules, 2013 – Insertion of Rule 6AAF, 6AAG, 6AAH AND FORM NO.3CQ, 3CR
GOVERNMENT OF INDIA MINISTRY OF FINANCE ( DEPARTMENT OF REVENUE ) NOTIFICATION No. 54/2013 Dated : July 15, 2013 In exercise of the powers conferred by section 295 read with sub-section (1) of section 35CCD of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962,… Read More
Tags: CBDT, Government of India, Income Tax Act, Income Tax Act 1961, Nazi Party, NSDA, Official Gazette, Taxation in India
Direct Tax incentives to promote Skill Development – National Manufacturing Policy
The National Manufacturing Policy (NMP) 2011 proposed to provide inter alia, the following direct taxes incentives to promote skill development: Weighted deduction of 150% of the expenditure (other than land or building) incurred in Public Private Partnership (PPP) projects for skill development in manufacturing sector in separate facilities in coordination with National Skill Development Corporation… Read More
Tags: Business, Finance Act, Income Tax Act 1961, Nazi Party, Public–private partnership, Skill, Taxation in India, Vocational Education
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