weighted deduction @150% of the expenditure incurred on skill development under section 35CCD of the Income ­tax Act,1961.

The National Manufacturing Policy (NMP), 2011 proposed to provide inter alia,  the  following  direct  taxes  incentives  to  promote  skill development. As  a  follow  up  of  NMP,  Finance  Act,  2012  inserted  a  new  Section 35CCD  in  the  Income‐tax  Act,  1961(‘the  Act’)  […]

Read Article →