TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Tax deduction for skill development projects: enhanced allowance for qualifying company expenditure, later limited to basic allowance.</h1> A company incurring expenditure (excluding land or building costs) on a Board-notified skill development project complying with prescribed guidelines may claim a special deduction for that expenditure; previously this deduction was enhanced to one and one-half times the expenditure, but was later amended to a deduction equal to the actual expenditure. If claimed and allowed under this section for an assessment year, the same expenditure cannot be deducted under any other provision for the same or another assessment year.
TaxTMI 
TaxTMI 
