Deduction for rural development expenditure enables companies and co operative societies to deduct approved programme spending from taxable profits. Deduction in computation of taxable profits is permitted for companies and co operative societies for expenditure incurred on approved rural development programmes, allowing them to reduce taxable profits by the amount of qualifying expenditure incurred under government approved schemes as a targeted tax incentive to promote involvement in rural development activities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction for rural development expenditure enables companies and co operative societies to deduct approved programme spending from taxable profits.
Deduction in computation of taxable profits is permitted for companies and co operative societies for expenditure incurred on approved rural development programmes, allowing them to reduce taxable profits by the amount of qualifying expenditure incurred under government approved schemes as a targeted tax incentive to promote involvement in rural development activities.
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