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of <h1>New Tax Deductions: Sections 35CCC & 35CCD for Agri and Skill Development Projects from April 2013 Onwards</h1> Sections 35CCC and 35CCD are introduced in the Income-tax Act, effective April 1, 2013, under Clause 10 of the Finance Bill, 2012. Section 35CCC allows a deduction of 1.5 times the expenditure on Board-notified agricultural extension projects, while Section 35CCD provides a similar deduction for company expenditures on Board-notified skill development projects, excluding land or building costs. Deductions claimed under these sections cannot be claimed under any other provisions for the same or different assessment years. These provisions apply from the assessment year 2013-2014 onwards.
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