National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 approved for the purpose of section 36(1)(xii)

National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 approved for the purpose of section 36(1)(xii) https://www.taxtmi.com/notifications?id=116779 Notification designates NABARD as eligible for deduction under section 36(1)(xii) of the Income tax Act, subject to conditions: expenditure must be for objects authorised by the NABARD Act (per its section 38), must not be capital expenditure, must not be deductible under any other provision, and a separate account must be maintained for such expenditure. en-us Tue, 29 Apr 2014 00:00:00 +0530 Sat, 03 May 2014 14:19:00 +0530 TaxTMI RSS Generator National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 approved for the purpose of section 36(1)(xii) https://www.taxtmi.com/notifications?id=116779 Notification designates NABARD as eligible for deduction under section 36(1)(xii) of the Income tax Act, subject to conditions: expenditure must be for objects authorised by the NABARD Act (per its section 38), must not be capital expenditure, must not be deductible under any other provision, and a separate account must be maintained for such expenditure. Notifications Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116779