Section-47 : Expenditure on agricultural extension project and skill development project

1. Section-47 as per act

1. Any expenditure (excluding cost of any land or building) incurred, on––
   
   
   1. agricultural extension project by any assessee; or
   2. any skill development project by a company,

   shall be allowed as a deduction, in the tax year in which such expenditure is incurred provided such project is notified as per the guidelines issued by the Board.

2. If a deduction under this section is claimed and allowed for any tax year in respect of any expenditure referred to in sub-section (1), deduction shall not be allowed for such expenditure under any other provision of this Act for the same or any other tax year.

2. Help and useful links for Section-47

1. Income Tax Help Center
2. Income Tax Act 2025 Home