notification no. 54/2015 f.no. 203/23/2015 ita.ii form no. 3cp

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: t ~ i. The app!"OYOO entity undertaking agricultural extension project shall maintain - septir"llre books of account of the agricultural extension project notified under sub- ., ... section (1) of section 3SCCC, and get such books of account audited tyy an ~- accountant as defined In the Explanation below sub-section (2) of section 288 of the '!'f\ ' Act. Further, the books of accounts pertaining to the said agricultural extension ""'1, ~ \ project sIlall be maintained In a manner as to enable verification of each extensloo_-c:~ _ actMtV~ng carried out: in the project.. ~.- " "~- ", .-r" "«' ' . \ ..' .;, \4~>,. ~ '"' Ii. T!f ~a report refe .. ed to In sutHule (I) shall indude the oomml!l1l$q\ ~ofudjta05 S IIW'f ... • _ .. ~ oli'..n;l; ~rrue and i'c!lr view of the books of account maintal,1 ed for agria;lf.ural ,. • --~VO ", -\., - y.6'l :-- - M ,\t>' '~ ,.,,,,,;,,WI' ,.., "' ,' l~;';;';r- ,__ ~i=>~ ~ ~ 1 ~ " ................... . r \ 1--_ - -- ~ \. , ~ 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:- .) 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:- ,) 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 s~/ _ (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) l2't ~ 12. Guard File ~ (Rohit Goug) Deputy Secretary to the Govt. or India