The income tax department had announced a rebate of 150% if big - TopicsExpress

The income tax department had announced a rebate of 150% if big individual tax payers and corporate sectors invest their money in the agriculture sector. Under this scheme, tax payers have to impart training on latest farming technique and provide free fertilizers and seeds which could help in enhanced yield. Under the conditions, an investor has to invest minimum Rs 25 lakhs and he would be entitled to claim rebate under 35 CCC. If a tax payer spends a sum of Rs 1 crore then he could claim for a rebate to the tune of Rs1.5 crore.

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