Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income Tax Rule 6AAF: Approval Process for Skill Development Projects under Section 35CCD Explained</h1> Guidelines under Rule 6AAF of the Income Tax Rules, 1962, outline the approval process for skill development projects under Section 35CCD. Eligible companies must apply to the National Skill Development Agency (NSDA) using Form No. 3CQ, with a copy to the relevant tax authority. The application must include project details, costs, and a training institute's concurrence. The NSDA reviews applications, addressing defects within specified timeframes, and recommends approval or rejection to the Central Board of Direct Taxes (CBDT). Approved projects are notified for up to three assessment years, with potential extensions. The CBDT can rescind approvals if project activities are non-compliant.