Notification No. 40/2014 [F.No.203/25/2014-ITA.II]

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7 Government of India
4 Ministry of Finance
7 Department of Revenue
} Central Board of Diract Taxes |
; Notification
| | FORM NO. 3CP
7 1. Name, address and PAN of the applicant Rallis India Limited, 156/157, 15"
/Fioor, Nariman Bhawan, 22/,_
| | i , /Nariman Point, Mumbai-400021
’ oo ABR RSTN)
) 2. Title of the agricultural extension project Rallis Kisan Kutumb-Helilpline
- RK K=Helpline’)
3. Purpose of the agricultural extension project | To provide high quality and reliable agriculture knowledge |
| | and information _—irelated |
; . | agriculture, crop protection, crop |
| | | | cultivation practices, seeds, use
| ,; of fertilizers and _ pesticides, |
: _{gane condition etc. fo farmers ,
_ | free of cost, as and when desired. |
_s Reference No. and date of the application | | F.No. 203/25/2014-ITA.I! received |
: fon 07.2014
- : Date of commencement of the agricultural ! Already commenced. However, |
exersconcvcect | approval shall be effective from the date of issue of this formal
| Notification u/s 35CCC of the !.t.
A
6. | Duration of the agricultural extension project | Ongoing project.
ft immonths —
7, | Assessment year(s) for which the agricultural | From date of formal issue of
| /extension project is being notified (not | Notification till A.Y. 2076-17. |
| exceeding three years) ee |
8, Total expenses likely to be incurred for the |A.Y. 2015-16 (applicant nas agricultural extension project (other than cost | claimed expenses of _ Rs._ :
of land or building) 47 ,38,360/-. However, as project is being accorded approval from
| subsequent date in the F.Yr. |
) 2014-2015, ~~ the expected |
expenditure for the relevant
| period would be much lesser).
-while for A.Y. 2016-17, likely.
a _ expenditure is Rs. $2,12,196/-. |
| 9. Amount, if any, to be charged from each | NIL |
_ beneficiary of agricultural extension project. _ ee
: 10. Conditions subject to which agricultural extension project titled (RKK-Helpline) is
| being notified are as under:
(1) The approved entity undertaking agricultural extension project shall maintain separate books of account of the agricultural extension project nottied under
|

| sub-section (1) of section 35CCC, and get such books of account audited by an
| accountant as defined in the Explanation below sub-section (2) of section 288.

d (it) The audit report referred to in sub-rule (1) shall inciude the comments of the

auditor on the true and fair view of the books of account maintained for

f agricultural extension project, the genuineness of the activities of the agricultural extension project and fulfilment of the conditions specified in the relevant provisions of the Act or the rules or the conditions mentioned in the notification issued under sub-rule (6) or sub-rule (9) of rule SAAD.

(iii) The approved entity shall not accept any amount from the beneficiary under the eligible agricultural extension project for training, education, guidance or any material distributed for the purposes of such training, education or guidance.

(iv) The approved entity shall not get any direct or indirect benefit from the notified agricultural extension project except the deduction of the eligible expenditure in accordance with the provisions of section 35CCC of the Act, rule BAAD and this rule.

(Vv) Under the project only product neutral advisories would be given. )

(vi) All expenses (not being expenditure in the nature of cost of any land or building), as reduced by the amount received from beneficiary, If any, incurred wholly and exo usively for undertaking an eligible agricultural extension project snall be
= ciple for cecuction under section 35CCC:

: Provided that any expenditure incurred on the agricultural extension project

) which is reimbursed or reimbursable to the assessee by any person, whether

| directly or indirectly, shall not be eligible for deduction under section 35CCC. —

3 (vii) Where a deduction under this section 35CC of the Act Is claimed and allowea

i 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 shali, on or before the due date of furnishing the return of

| : income under sub-section (1) of section 139, furnish the following to the

Commissioner of Income-tax or the Director of Income-tax, as the case may be,

= namely:-

| a the audited statement of accounts of the agricultural extension projects for

| the previous year along with the audit report and amount of deduction
| | claimed under sub-section (1) of section 35CCC;

, | b. a note on the agricultural extension project undertaken by it during the

| previous year and the programme of agricultural extension project to be

2 undertaken during the current year and the financial allocation for such

| programme; and

| ca certificate from the Ministry of Agriculture, Government of India, regarding

the genuineness of the agricultural extension project undertaken by the
| assessee during the previous year.

| -3-
(1x} The Central Board of Direct Taxes shal withdraw the approval if the approved
) entity:-
4 a. Nas ceased its activities: or
| b. its activities are found to be non-genuine; or |
& c. Its activities are not being carried out in accordance with all or any of the relevant provisions of the Act or Rules: or d. its activities are not being carried out in accordance with all or any of the conditions subject to which the notification is being issued. |
Place: New-Delhi \
Dated: 2° /08/2014 N ily Pa (Richa Rastogi)
Under Secretary to the Government of India (F.No. 203/25/2014-ITA. II)
Notification No. UO {2014
To.
The Manager,
| Govt. of India Press.
Mayapurl. New Delhi coc, *orwarded *o:
1. Rallis India Limited, 156/157, 15° Floor, Nariman Bhawan, 227, Nariman Point,
: Mumbai-400021 (Pan No.: AABCR2657N). |
2. Ministry of Agriculture; Krishi Bhawan. New-Delhi.
| 3. Commissioner of Income-tax, concerned.
4. The Department of Agriculture of the concerned State.
9. The Agricultural Technology Management Agency (ATMA) of the concerned
| District(s).
| 6 Comptroller & Auditor General of India i / Pr. CCIT, Mumbai
8 Concerned file
: J Ministry of Law & Justice (correction section), New Delhi
, 10 DGIT(Systems), New Delhi for placing it on the website:incometaxindia.gov.in
11 Guard File \
12 ITCC, CBDT (4 copies) Yo |
| | (Richa Rastogi)
a Under Secretary to the Government of India