https://www.taxtmi.com/manuals?id=1102 Expenditure on an agricultural extension project is deductible under section 47(1)(a) if the project is for training, education and guidance of farmers, has prior approval of the Ministry of Agriculture and Farmers Welfare, and satisfies the prescribed expenditure threshold, excluding land or building cost. The notified project must maintain separate books, get them audited, comply with beneficiary charging limits, and avoid any direct or indirect benefit other than the deduction. Annual reporting, approval procedures, renewal, and revocation mechanisms are prescribed, and similar rules continue under section 35CCC for the earlier regime. en-us Tue, 15 Sep 2015 10:51:00 +0530 Thu, 23 Apr 2026 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1102 Expenditure on an agricultural extension project is deductible under section 47(1)(a) if the project is for training, education and guidance of farmers, has prior approval of the Ministry of Agriculture and Farmers Welfare, and satisfies the prescribed expenditure threshold, excluding land or building cost. The notified project must maintain separate books, get them audited, comply with beneficiary charging limits, and avoid any direct or indirect benefit other than the deduction. Annual reporting, approval procedures, renewal, and revocation mechanisms are prescribed, and similar rules continue under section 35CCC for the earlier regime. Manuals Income Tax Tue, 15 Sep 2015 10:51:00 +0530 https://www.taxtmi.com/manuals?id=1102