Expenditure incurred by employers on training of apprentices covered under the Apprentices Act, 1961-Allowability thereof-Section 37(1) of the Income-tax Act, 1961-Clarifications regarding.

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....d under the Apprentices Act, 1961-Allowability thereof-Section 37(1) of the Income-tax Act, 1961-Clarifications regarding. The Board have considered the question of allowability under section 37(1) of the Income-tax Act, 1961, of expenditure incurred on training of apprentices covered under the Apprentices Act, 1961. Any expenditure to qualify for deduction under section 37(1) of the Income-tax....