Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
Notiflcatkm
fORM NO, 3CP
10.
Condlt/ons subject to vmich agricultural extension project titled 'Agriculture Extension
Education Program-Total Agri Solution Provider Is being notified are as under:
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The app!"OYOO entity undertaking agricultural extension project shall maintain
- septir"llre books of account of the agricultural extension project notified under sub-
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section (1) of section 3SCCC, and get such books of account audited tyy an
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accountant as defined In the Explanation below sub-section (2) of section 288 of the
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Act. Further, the books of accounts pertaining to the said agricultural extension
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project sIlall be maintained In a manner as to enable verification of each extensloo_-c:~
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actMtV~ng carried out: in the project..
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Ii. T!f ~a report refe .. ed to In sutHule (I) shall indude the oomml!l1l$q\ ~ofudjta05 S
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• _ .. ~ oli'..n;l; ~rrue and i'c!lr view of the books of account maintal,1 ed for agria;lf.ural
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extension project. the genuineness of the activities d the agrioolrural extension
project and fulfillment of the conditions specified In me relevant provisions d the Act
or the rules or the conditions mentioned in the notification Issued under sub-rule (6)
or sub-rule (g) of rule MAD_
iii. The approved entity shall not accept any amount from the beneficiaries under the
eligible agricultural extension project for training, edl.lCation, guidance or for any
material so distributed for the said purposes.
iv. The approved entity shall not get arl'( direct or Indirect benefit from the notified
agrlcultunll extension project except the deduction of the eligible elCpenditure in
accurdance wtth the provisions of section 35CCC of the Act, rule 6AAD of the IT
Rules, 1962 and this NotfficatiOn. The approved entity shall also not name any of
their agricultural extenSion pro}ectJbCtivlty/scheme on the brand name d any of their
products.
v. The applicant shall fumlsh data sheet of farmers who have benefitted from the
project to the MlnlSby of Agriculture. Furtl1er, the applicant shall also share the data
pertaining to Soil liealth and also provide lof()!TllatiOn regarding avarlabllity of
additional C<lpadty of Soil Testing laboratory available with Ministry of Agriculture.
vi. All expenses (not being expenditure ir; the nawre of cost of any land or building), as
reduced by the amount received from benefidary, If MY, Incurred wholly and
exdusively for undertaking an eligible agriaJltural extension project shall be eligible
for deduction under section 35CCC:
Provided milt any expenditure incurred on the agric~tural extension
project which is reimbun>ed or reimbursable to the assessee by any
person, whether directly or Indirectly, shall not be eligible for
deduction under sectIon 35CCC.
vII. Where a deduction under this section 35CC of the Act is dalmed and allowed for any
assessment year, deduction shall not be allowed in respect of such expenditure
under any other provisions of the Act for the same or any other assessment year.
viIi. "The approved entity shall, on or before the due date of fumlshlng the reWm of
Income under suD-section ( l ) of section 139, furnish the following to the
Jurisdictional PCITjCrrjPOITjOIT, as the case may be, namety:-
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b)
the audited statement of accounts of the agricultural extension
projects for the previous year along with the audit report and
amount of deduction daimed lIOder sub-section (1) d section
35CCC;
a note on the agricultural extension project undertaken by It
during the previous year and the programme d agricultural
extension project to be undertaken during the current year
aod the finandal allocation for Sl.JCh programme; and
c)
a certificate from the Ministry of AgriOJlture, GcNemrnent of
India, regarding the genuineness or the agriaJlbJral extensiOn
project undertaken by the assessee during the previous year.
ix. Under the proJect Oflly product neutral tralr.lrog Will be given except a short session
on company's profile al'ld products.
11. The Central Board of Direct Taxes shall withdraw the approval If the approved entlty:-
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b)
0)
d)
has ceased Its activities; or
rts activities are not genuine; or
its activities are not being carried out in accordance with all or any
of the relevant pr<NISions or the Ad Of Rules; or
its adIvItIes are not being Qlnied out In accordance with an Of any
of the conditions subject to whidl the notification is being Issued.
Place: New-Delhi
Dated:
26/06/2015
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(Rohit Garg)
Deputy Secretary to the Govt. of India
(F.No.103/ 13/201S-ITA.II)
Notification No. 54-
/2015
To,
lhe Manager,
Govt. of India Press,
Mayapuri, New Deihl
Copy forwarded to:
I. Aditya Bir1a Nuvo Umlted, 4"' Roor, A wing Aditya Biral Centre, S.K. M ire
Marg, Wor1i Mumbal.
2. Ministry of Agriculture, Krlshl Bhawan, New-Delhi
J. Pro Commlsslor'ler of Income-tax concerned
4. The Departmer'lt of Agriculture of the concerned State
5. The Agricultural Techr'lology Management Ager'lCY (ATMA) of the concerned
Distrlct(s)
6. Comptroller & Auditor General of India
7. Pr. COT, Mumbal, with the request to Inform the 80iIrd about compliance
of condition at 10('1111) .... Ithln 60 days from the due dilt. of " ling of return
in case of the aSfoUfee
8. Concerned file
9. Ministry of Law & Justice (correction section), N.Delhl
..l6. %
Pr. DGIT(Systems), N.OeIhi for pladng on the website:
income\'axindia.9fN .in
11. ITCC, CBDT (4 copies)
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12. Guard File
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(Rohit Goug)
Deputy Secretary to the Govt. or India
