#section35cca #incometaxact #taxationact #expenditure #paymentoassociations #institutions #ruraldevelopment #paymenttoinstitutions Subsection (1) of Section 35CCA of the Income Tax Act, 1961 states that when an assessee incurs any expenditure by making payment of any sum:- (a) To any institution or association whose object is to undertake any rural development programme and the sum is used to carry out such rural development programme approved by the prescribed authority; or

#Section43D #IncomeTax #Public #Financial #Companies #Institutions No matter what the other provisions of this Act may say to the contrary, (a) In the case of a public financial institution, a scheduled bank, a cooperative bank (other than a primary agricultural credit society or a primary co-operative agricultural and rural development bank), a State financial corporation, a State industrial investment corporation, a deposit-taking non-banking financial company, or a systemi