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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We are providing registration services across India. They require some monetary partner to run their welfare identified lives up to expectations.

The mission of the said provision is to uplift business organizations and projject individuals to grant more in social and economic welfare of general public. Audit and Filing the Return. Brief particulars of activities of the NGO during last 3 years of date of application.

The certificate is to be issued in Form 58A given below. These conglomerations mastermind their stores through donations made to them by the government or projecy people or corporate figures. As the approval under section 35 AC is not permanent in nature. So to lure the fund for these welfare conglomerations, the government has given some duty relief and profits to those making donations.

Such other information as the organization may like to present to National Committee. Under segment 35 ac, organizations having livelihood from business can get hundred percent tax rebate.


Section 35ac is one of such segments. We will handle all the legal procedure of registration and our client do not need trouble while registration. Business houses making contribution to such approved projects are allowed the benefits of deducting such contribution as expenditure.

35ac | 35 ac | 35ac registration

Contact Details, crystalvisionweb gmail. The certificate is to be issued in Form 58A. Pronect 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. To withdraw a project National Committee should provide an opportunity of being heard to the aggrieved organisation. Click Here for Form 58A. Treatment of Capital Gains. Therefore, for the assessees who do do not have income from business or profession, section 80GGA provides for deduction on donations made to repor projects under section 35AC.

The Income Tax Act has certain procurements which offer tax breaks to the donors. Certificate should be issued to the Donor:. After the expiry, the organization has to renew its 35ac. All NGOs should avail the advantage of these provisions projecy attract potential donors.

Project Report 35 AC

Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received. Construction and maintenance of bridges, public highways and other roads6.

Section 35AC is one of such sections.

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 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 Repory 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.


All NGOs should avail the advantage of this provision to attract potential donors. Tax Deduction Account Number. The National Committee of Central Government of India approves 35 ac for a period of repoort years normally. 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. Skip to Main Content.

The Application has to be submitted along with following documents: We will provide you a complete guidance for your all registration requirements.

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. Construction of dwelling units for the economically weaker sections 3. Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4.

A Non Government Organization is made for the welfare of the society.

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.