Section 35CCA Sections 35CCA, 35CCC, 35CCO & 35DDA MISCELLANEOUS DEDUCTIONS .
Section 35CCA Sections 35CCA, 35CCC, 35CCO & 35DDA MISCELLANEOUS DEDUCTIONS
Section 35CCA Donations To Associations For Rural Development Programmes
Where a person runs any business/profession, donations given to any notified organization for the purpose of rural development shall be allowed as deduction while computing income u/h business/profession. Donations given to Rural Development Fund or National Urban Poverty Eradication Fund shall also be allowed as deduction.
Note: If the person is not carrying out any business/profession, such donations would be allowed as deduction u/s 80GGA.
Section 35CCC Weighted Deduction for Expenditure On
Agriculture Extension Project
Where an assessee incurs any expenditure (other than cost of any land or building) on notified agricultural extension project, then he will be eligible to claim a weighted deduction of 150% of such expenditure.
Section 35CCD Weighted Deduction For Expenditure For Skill
Development
Where a company incurs any expenditure (not being expenditure in the nature of cost of any land or building) on any notified skill development project, then such company can claim a weighted deduction of 150% of such expenditure.
Section 35DDA Amortization Of Expenditure For Skill Development
Section 35DDA allows an employer to debit the expenditure incurred in connection with any voluntary retirement scheme implemented by the employer. Such amount would be allowed to be deducted in 5 years in 5 equal annual installments starting with the previous year in which such amount was actually paid.
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