Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!
Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!
Circular No. 231-Income Tax The Finance (No. 2) Act, 1977 has introduced a new section 35CC under which companies and co-operative societies will be entitled to a deduction, in the computation of their taxable profits, of the expenditure incurred by them during the previous year on any programme of rural development. The deduction will be allowed only where the company or co-operative society has obtained
