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Notified agricultural extension project u/s 35CCC of Income Tax Act 1961 M/s Aditya Birla Nuva Limited Mumbai - Agriculture Extension Education Program - Total Agri Solution Provider.

Income Tax - 54/2015 - Dated:- 26-6-2015 - Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Notification No. 54/2015 New Delhi, Dated 26-06-2015 FORM NO. 3CP 1. Name, address and PAN of the applicant M/s Aditya Birla Nuva Limited, Mumbai PAN:-AAACI1747H 2. Title of the agricultural extension project Agriculture Extension Education Program - Total Agri Solution Provider 3. Purpose of the agricultural extension project Provide value added services to help .....

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ultural extension project in months Ongoing project 7. Assessment year(s) for which the agricultural extension project is being notified (not exceeding three years) From date of formal issue of Notification till A.Y. 2018-19 8. Total expenses likely to be incurred for the agricultural extension project (other than cost of land or building) For F.Yr's 2015-16 applicant has claimed expenses of ₹ 2,73,34,000/-. However, as the project is being accorded approval from subsequent date in the .....

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ertaking agricultural extension project shall maintain separate books of account of the agricultural extension project notified under sub- section (1) of section 35CCC, and get such books of account audited by an accountant as defined in the Explanation below sub-section (2) of section 288 of the Act. Further, the books of accounts pertaining to the said agricultural extension project shall be maintained in a manner as to enable verification of each extension activity being carried out in the pr .....

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accept any amount from the beneficiaries under the eligible agricultural extension project for training, education, guidance or for any material so distributed for the said purposes. iv. The approved entity shall not get any direct or indirect benefit from the notified agricultural extension project except the deduction of the eligible expenditure in accordance with the provisions of section 35CCC of the Act, rule 6AAD of the IT Rules, 1962 and this Notification. The approved entity shall also .....

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ature of cost of any land or building), as reduced by the amount received from beneficiary, if any, incurred wholly and exclusively for undertaking an eligible agricultural extension project shall be eligible for deduction under section 35CCC: Provided that any expenditure incurred on the agricultural extension project which is reimbursed 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 .....

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