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Skill Development Project – Section 35CCD

Eligible Assessee – Company

Eligible expenditure – Expenditure(not being cost of land or building) incurred on notified Skill development  project in accordance with the prescribed guidelines

Deduciton allowed – 150% of such expenditure

Where a deduction is allowed under this section, then deduction for such expenditure is not allowed under any of the provisions of the Act for the same or any other assessement year.

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