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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feport 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. The mission of the said provision is to uplift business organizations and wealthy individuals to grant more in social and economic welfare of general public.

How to apply for 35ac approval? Anyway this segment furnishes benefit to just those assessees who have salary from the head business.

To withdraw a project National Committee should provide an opportunity of being heard to the aggrieved organisation. 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 reporh economic welfare.

How to apply for 35AC 1. 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. We will provide you a complete guidance for your all registration requirements.


As the approval under section 35 AC is not permanent in nature. Tax Deduction Account Number. The National Committee of Central Government of India approves 35 ac for a period of 3 years normally. We will handle all the legal procedure of registration and our client do prject need trouble while registration. The Income Tax Act has certain provisions which offer tax benefits to the “donors”.

Prject Calendar for Construction of dwelling units for the economically weaker sections 3. Certificate should be issued to the Donor:. Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received.

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.

35AC Project in Sirka – Aditya NGO Consultancy

The endorsement under section 35 ac is for three years. Skip to Main Content. This certificate required for the donor to claim exemption from its taxable income.

If the organization is notified rrport section 10 23 C or is approved for the purposes of section 80G, give particulars of such approvals granted. The Application has to be submitted along with following documents: If an NGO succeeds in getting such an approval for its projects then it stands a very good chance of mobilising funds from the corporate and the business sector.

35AC Project in Sirka

Hence, Non Government Organizations can raise 355ac of rupees for approved projects under section 35 AC of Income Tax Act leading to mutually beneficial relationship between corporate sector and civil society.

Business houses making contribution to such approved projects are allowed rpoject benefits of deducting such contribution as expenditure. The certificate is to be issued in Form 58A given below. The Income Tax Act has certain procurements which offer tax breaks to the donors. Click Here for Form 58A. All NGOs may as well benefit the playing point of these procurements to draw in potential givers.

Section 35ac is one of such segments. After the expiry, the organization has to renew its 35ac. Construction and maintenance of bridges, public highways and other roads6. A Reort Government Organization is made for the welfare of the society. Certificate should be issued to the Donor: Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4.


Project Report 35 AC

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. Section 35AC is one of such sections. 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. They require some monetary partner to run their welfare identified lives up to expectations.

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

35ac | 35 ac | 35ac registration

reporh So to lure the fund for these welfare conglomerations, the government has given some duty relief and profits to those making donations. The application is to be made in 2 Sets, written either in Hindi or English. All NGOs should avail the advantage of these provisions to attract potential donors.

proejct Treatment of Capital Gains. Brief particulars of activities of the NGO during last 3 years of date of application. These conglomerations mastermind their stores through donations made to them by the government or different people or corporate figures. Audit and Filing the Return. 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.

Contact Details, crystalvisionweb gmail. Establishment and running of non-conventional and renewable source of energy systems5.

The Application has to be submitted along with following documents:.