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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How to apply for 35ac approval? Business houses making contribution to such approved projects are allowed the benefits of deducting such contribution as expenditure. The projec of the said provision is to uplift business organizations and wealthy individuals to grant more in social and economic welfare of general public.

The Income Tax Act has certain provisions which offer tax benefits to the “donors”.

Establishment and running of non-conventional and renewable source of energy systems5. The National Committee of Central Government of India approves 35 ac for a period of 3 years normally. Certificate should be issued to the Donor:. Audit and Filing the Return.

35AC Project in Sirka – Aditya NGO Consultancy

All NGOs should avail the advantage of these provisions to attract potential donors. The certificate is to be issued in Form 58A given below. We will handle all the legal procedure of registration and our client do not need trouble while registration.


Certificate should be issued to the Donor: Under segment 35 ac, organizations having livelihood from business can get hundred percent tax rebate. Such Annual Report should reach the National Committee by 30th June, after finishing the financial year in which the amount is received.

Project Report 35 AC

A Non Government Organization is made for the welfare of the society. Tax Deduction Account Number. Section 35AC is one of such sections. The application is to be made in 2 Sets, written either in Hindi or English. Treatment of Capital Gains. This certificate will enable the donor to claim exemptions.

The Application has to be submitted along with following documents: How to apply for 35AC 1. Contact Details, crystalvisionweb gmail. All NGOs should avail the advantage of this provision to attract potential donors. Tax Calendar for 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 promect for financing projects or schemes promoting social and economic welfare.

Anyway this segment furnishes benefit to just those assessees who have salary from the head business.

All NGOs may as well benefit the playing point of these procurements to draw in potential givers. We will provide you a complete guidance for your all registration requirements. Such other information as the organization may like to present to National Committee. After the expiry, the organization has to renew its 35ac. Construction of dwelling units for the economically weaker sections 3. The certificate is to be issued in Form 58A.


Construction of school buildings, preliminary for children belonging to the economically weaker sections of the society4. The National committee may also approve new object oriented projects if repport is finding useful for the society or if they are satisfied as per the requirements of the community.

Income Tax for NGOs

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

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.

Therefore, unlike section 35AC, deduction under section 80GGA cannot be carried forward in the form of losses to next year. Construction and maintenance of bridges, public highways and other roads6. As the approval under section 35 AC is not permanent in nature. Business houses making contribution to such approved projects are 3ac to show an amount of donation as expenditure in their regular books of accounts. Skip to Main Content.