https://www.taxtmi.com/acts?id=46004 Two enhanced deduction provisions are inserted: an Export Markets Development Allowance permitting a domestic company or resident person to claim an enhanced deduction for qualifying post-February-1968 expenditure on overseas promotion and market development activities, and an Agricultural Development Allowance permitting companies manufacturing from agricultural raw materials to claim an enhanced deduction for expenditure in supplying specified goods, services or demonstrations to cultivators, with both provisions excluding capital or personal expenses, requiring deduction of any consideration received, and prohibiting duplicate deductions under other Act provisions for the same expenditure. en-us Wed, 11 Dec 2024 17:15:24 +0530 Wed, 11 Dec 2024 17:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46004 Two enhanced deduction provisions are inserted: an Export Markets Development Allowance permitting a domestic company or resident person to claim an enhanced deduction for qualifying post-February-1968 expenditure on overseas promotion and market development activities, and an Agricultural Development Allowance permitting companies manufacturing from agricultural raw materials to claim an enhanced deduction for expenditure in supplying specified goods, services or demonstrations to cultivators, with both provisions excluding capital or personal expenses, requiring deduction of any consideration received, and prohibiting duplicate deductions under other Act provisions for the same expenditure. Act-Rules F. Acts / Amendment Acts Wed, 11 Dec 2024 17:15:24 +0530 https://www.taxtmi.com/acts?id=46004