If an NGO succeeds in getting such an approval for its projects then it stands a very to identify projects and schemes to be notified under section 35AC, such committee Further, the NGOs should also send an Annual Report to the National. [Expenditure on eligible projects or schemes. 75a. 35AC. (ii) a report in respect of such eligible project or scheme has not been. Project Report 35 AC. Submit FCRA registration proposal with following documents- 1. Copy of registration certification; 2. Trust Deed /Certification of.

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Tax Deduction Account Number. Hence, Non Government Organizations can raise millions of rupees for approved projects under section 35 AC of Income Tax Act leading to mutually beneficial relationship between corporate sector and civil society.

As the approval under section 35 AC is not permanent in nature. Aditya NGO Consultancy provides 35AC Project in Sirka that help you to your NGO trust, society or nonprofit company to get approval to provide tax exemption to the donors who donates funds only for reporg specific social welfare project or social welfare schemes.

35AC Project in Sirka

The endorsement 35sc section 35 ac is for three years. To withdraw a project National Committee should provide an opportunity of being heard to the aggrieved organisation. ;roject will provide you a complete guidance for your all registration requirements. These rdport mastermind their stores through donations made to them by the government or different people or corporate figures.


All NGOs should avail the advantage of this provision to attract potential donors. Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4.

All NGOs may as well benefit the playing point of these procurements to draw in potential givers. Role of National CommitteeThe Central Government has constituted a National Committee to identify projects and schemes to be notified under section 35AC, such committee normally consists of eminent persons.

35ac | 35 ac | 35ac registration

This certificate required for the donor to claim exemption from its taxable income. A Non Government Organization is made for the welfare of the society. Audit and Filing the Return. All NGOs should avail the advantage of these provisions to attract potential donors. Therefore, for the assessees who do do not have income from business or profession, section 80GGA provides for deduction on donations made to eligible projects under section 35AC.

So to lure the fund for these welfare conglomerations, the government has given some duty relief and profits to those making donations. They require some monetary partner to run their welfare identified lives up to expectations.

The Application has to be submitted along with following documents: Certificate should be issued to the Donor:. Business houses making contribution to such approved projects are allowed to show an amount of donation as expenditure in their regular books of accounts. Construction of dwelling units for the economically weaker sections repoet.

Construction and maintenance of bridges, public highways and other roads6. The Application has to be submitted along with following documents:.


The provision of this Act is to initiate and promote reinvestment of business profits in sectors where tremendous capital input is required for social economic development, a tax rebate has been provided under section 35AC, of the Income Tax Act allowing for full deduction of the entire amount paid by a taxpayer carrying on a business or profession for financing projects or schemes promoting social and economic welfare. Magnanimous organizations can get enlisted themselves under section 35 ac by applying to the National Committee in the event that they are carrying on any business.

Promect Income Tax Act has certain procurements which offer tax breaks to the donors. Therefore, unlike section 35AC, deduction under section 80GGA cannot be carried forward in the form of losses to next year.

Income Tax for NGOs

Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received. Skip to Main Content. Extension may be provided as per the satisfactory implementation of project. The National Committee of Central Government of India approves 35 ac for a period of 3 years normally.

Establishment and running of non-conventional and renewable source of energy systems5. Anyway this segment furnishes benefit to just those assessees who have salary from the head business.