MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION NO. 49/2021
New Delhi, the 6th May, 2021
FORM NO. 3CP
S.O. 1767(E).-The Central Board of Direct Taxes, in exercise of its powers under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962 and in partial modification of the Notification No. 16/2015 dated 16.02.2015, issued vide F.No. 203/29/2014-ITA.II, hereby specifies that Sl.No.7 and Sl.No.8 of said Notification shall be read as below:
7 |
Assessment Year(s) for which the agricultural extension project is being notified (not exceeding three years). |
From date of formal issue of Notification No.16/2015 (i.e.) 16.02.2015 till A.Y 2017-18. |
8. |
Total expenses likely to be incurred for the agricultural extension project (other than cost of land or building) |
Assessment Year |
Sanctioned expenditure (Amount in Rs.) |
2015-16 |
10,82,00,000* |
2016-17 |
10,82,00,000 |
2017-18 |
10,82,00,000 |
*However, as project has been accorded approval from subsequent date in the F.Y. 2014-15, i.e., A.Y. 2015-16, the sanctioned expenditure for the relevant period is to be allowed w.e.f. 16.02.2015. |
[F. No. 203/29/2014-ITA.II]
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