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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Treatment of Capital Gains. So to lure the fund for these welfare conglomerations, the government has given some duty relief and profits to those making donations. The Income Tax Act has certain procurements which offer tax breaks to the donors. The National committee may also approve new object oriented projects if it is finding useful for the replrt or if they are satisfied as per the requirements of the community.

35AC Project in Sirka – Aditya NGO Consultancy

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. 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 provision of this Act is to initiate and promote projext 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 peoject.


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. Under segment 35 ac, organizations having livelihood from business can get hundred percent tax rebate. Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4.

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.

Section 35ac is one of such segments. All NGOs should avail the advantage of these provisions to attract potential donors. Certificate should 3ac issued to the Donor: The National 35a of Central Government of India approves 35 ac for a period of 3 years normally.

Business houses making contribution to such approved projects are allowed rpoject show an amount of donation as expenditure in their regular books of accounts. As the approval under section 35 AC is not permanent in nature. Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received. 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.

Brief particulars of activities of the NGO during last 3 years of date of application. Anyway this segment furnishes benefit to just those assessees who have salary from the head business.

Project Report 35 AC

repoft Establishment and running of non-conventional and renewable source of energy systems5. How to apply for 35ac approval? After the expiry, the organization has to renew its 35ac.

Construction of dwelling units for the economically weaker sections 3. The endorsement under section 35 ac is for three years. All NGOs may as well benefit the playing point of these procurements to draw in potential givers.


This certificate will enable the donor to claim exemptions.

Skip to Main Content. The Application has to be submitted along with following documents: To withdraw a project National Committee should provide an opportunity of being heard to the aggrieved organisation. The Application has to be submitted along with following documents:. Contact Details, crystalvisionweb gmail. The application is to be made in 2 Sets, written either in Hindi or English.

Such other information as the organization may like to present to National Committee. Section 35AC is one of such sections. Therefore, unlike section 35AC, deduction under section 80GGA cannot be carried forward in the form of losses to next year.

A Non Government Organization is made for the welfare of the society. 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 Income Tax Act has certain provisions which offer tax benefits to the “donors”. The certificate is to be issued in Form 58A given below. Tax Calendar for Certificate should be issued to the Donor:. 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.

All NGOs should avail the advantage of this provision to attract potential donors.

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