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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Section 35AC is one of such sections.

35AC Project in Sirka – Aditya NGO Consultancy

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.

The National committee may also approve new object oriented projects if it projet finding useful for the repirt or if they are satisfied as per the requirements of the community. All NGOs should avail the advantage of these provisions to attract potential donors.

How to apply for 35AC 1. Business houses making contribution to such approved projects are allowed the benefits of deducting such contribution as expenditure. 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. 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.

All NGOs may as well benefit the playing point of these procurements to draw in potential givers. Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4. The Income Tax Act has certain procurements which offer tax breaks to the donors.


A Non Government Organization is made for the welfare of the society. Under segment 35 ac, organizations having livelihood from business can get hundred percent tax rebate.

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. Certificate should be issued to the Donor:. All NGOs should avail the advantage of this provision to attract potential donors.

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. Tax Calendar for After the expiry, the organization has to renew its 35ac. Audit and Filing the Return.

Business houses making contribution to such approved projects are allowed to show an amount of donation as expenditure in their regular books of accounts. The Application has to be submitted along with following documents:. Extension may be provided as per the satisfactory implementation of project. Establishment and running of non-conventional and renewable source of energy systems5. If the organization is notified under section 10 23 C or is approved for the purposes of section 80G, give particulars of such approvals granted.

Treatment of Capital Gains.

Project Report 35 AC

geport Construction of dwelling units for the economically weaker sections 3. Skip to Main Content. Certificate should be issued to the Donor: The provision of this Act is to initiate and promote reinvestment of business profits in sectors where tremendous reprt 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.

Such other information prouect the organization may like to present to National Committee. Click Here for Form 58A. Therefore, unlike section 35AC, deduction under section 80GGA cannot be carried forward in the form of losses to next year.


We will provide you a complete repodt for your all registration requirements. 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. The certificate is to be issued in Form 58A given below.

35AC Project in Sirka

They require some monetary partner to run their welfare identified lives up to expectations. The Income Tax Act has certain provisions which offer tax benefits to the “donors”. As the approval under section 35 AC is not permanent in nature. These conglomerations mastermind their stores through donations made to them by the government or different people or corporate figures.

So to lure the fund for these welfare conglomerations, the government has given some duty relief and profits to those making projec. Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received. This repkrt required for the donor to claim exemption from its taxable income. We are providing registration services across India. 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.

Income Tax for NGOs

We will handle all the legal procedure of registration and our client do not need trouble while registration. The certificate is to be issued in Form 58A. The Application has to be submitted repport with following documents: Tax Deduction Account Number.

The endorsement under section 35 ac is for three years. Section 35ac is one of such segments.