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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35AC Project in Sirka – Aditya NGO Consultancy

The application is to be made in 2 Sets, written either in Hindi or English. Treatment of Capital Gains. 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.

Skip to Main Content. Audit and Filing the Return. The Income Tax Act has certain provisions which offer tax benefits to the “donors”. Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4.

The Income Tax Act projcet certain procurements which offer tax breaks to the donors. Extension may be provided as per the satisfactory implementation of project.

Construction and maintenance of bridges, public highways and other roads6. The National committee may also approve new object oriented projects if it is finding useful for the society or if they are satisfied as per the requirements of the community. The certificate is to be issued in Form 58A. Anyway this segment furnishes benefit to just those assessees who have salary from the head business.


Construction and maintenance of drinking water projects in rural areas and in urban slums, including installation of pump-sets, digging of wells, tube-wells and lying of pipes for supply of drinking water 2.

Such other information as the organization may like to present to 35qc Committee. Certificate should be issued to the Donor: Click Here for Form 58A. All NGOs should avail the advantage of this provision to attract potential donors.

Under segment 35 ac, organizations 355ac livelihood from business can get hundred percent tax rebate. After the expiry, the organization has to renew its 35ac. We will provide you a complete guidance for your all registration requirements. The National Committee of Central Government of India approves 35 ac for a period of 3 years normally. These conglomerations mastermind their stores through donations made to them by the government or different people or corporate figures.


Project Report 35 AC

The mission of the said provision is to uplift business organizations and wealthy individuals to grant more in social and economic welfare of general projwct. All NGOs may as well benefit the playing point of these procurements to draw in potential givers. How to apply for 35AC 1. The Application has to be submitted along with following documents: How to apply for 35ac approval?

Therefore, unlike section 35AC, deduction under section 80GGA cannot be carried forward in the form of losses to next year.

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 a specific social welfare project or social welfare schemes.

Certificate should be issued to the Donor:. Establishment and running of non-conventional and renewable source of energy systems5. So projetc lure the fund for these welfare conglomerations, the government has given some duty relief and profits to those making donations. 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 35af 35AC, of the Income Tax Act allowing for full eeport of the entire amount paid by a taxpayer carrying on a business or profession for financing projects or schemes promoting social and economic welfare.

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Brief particulars of activities of the NGO during last 3 years of date of application. Construction of dwelling units for the economically weaker sections 3. This certificate required for the donor to claim exemption from its taxable income. 355ac

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. Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received.

Contact Details, crystalvisionweb gmail. 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.

The endorsement under section 35 ac is for priject years. Tax Calendar for The Application has to be submitted along with following documents:. Business houses making contribution to such approved projects are allowed to show an amount of donation as expenditure in their regular books of accounts.

We are providing registration services across India.

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