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Query Details

Asked by Indulekha on :Apr. 05, 2020

Hari, a poor farmer is engaged in a skill develop…

Hari, a poor farmer is engaged in a skill development project.Chatur Limited, a philanthropic insti…

Hari, a poor farmer is engaged in a skill development project.

Chatur Limited, a philanthropic institution agreed to reimburse Hari for his expenses (Rs 8 lakhs) incurred on the said project.

How much deduction can Chatur Ltd claim under section 35CCD?

0

Kanishka Apr. 05, 2020

Chatur can't claim any deduction as reimbursements of skill development expenses don't qualify as a deduction under section 35CCD.

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