35 AC - 100% Tax Exemption

Every NGO can avail income tax exemption by getting itself registered and complying with certain other formalities, but such registration doesn't provide any benefit to the persons making donations. The Income Tax Act has certain provisions which offer tax benefits to the "donors". Under Sec 35 AC of Income Tax Act, a donor can receive 100% rebate of Income Tax on any amount of donation. The objective of the said provision is to encourage business organizations and wealthy individuals to contribute more in social and economic welfare of general public. Thus NGOS can raise millions of rupees for approved projects under 35 AC of Income Tax Act leading to mutually beneficial relationship between corporate sector and civil society.

The 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. All NGOs are entitled to apply to the National Committee to get its projects or schemes approved.

We at BR NGO Consultancy has expertise of several years in 35AC Registration and our success rate of 35AC registration proves that quality of project we prepare for applying 35 AC.

THE FOLLOWING PROJECTS ARE ELIGIBLE FOR APPROVAL.

  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 laying of pipes for supply of drinking water.
  2. Construction of dwelling units for the economically weaker sections.
  3. Construction of school buildings primarily for children belonging to the economically weaker sections of the society.
  4. Establishment and running of non-conventional and renewable sources of energy systems.
  5. Construction and maintenance of bridges, public highways and other roads.
  6. Any other programme for uplift of the rural poor or the urban slum dwellers, as the National Committee may consider fit for support, like :-
    • Promotion of sports
    • Pollution control
  7. Establishment and running of educational institutions in rural areas, exclusively for women and children up to 12 years of age;
  8. Establishment and running of hospitals and medical facilities in rural areas, exclusively for women and children up to 12 years of age;
  9. Establishment and running of crèches and school for the children of workers employed in factories or at building sites;
  10. Encouraging the production of bacteria induced fertilizers;
  11. Any programme that promotes road safety, prevention of accidents and traffic awareness;
  12. Construction of hostel accommodation for women or handicapped individuals or individuals who are of the age of sixty-five years or more;
  13. Establishment and running of institutions for vocational education and training in rural areas or towns which consist of population of less than 5 lakhs.
  14. Establishment and running of institutions imparting education in the field of engineering and medicine in rural areas or towns which consist of population of less than 5 lakhs.
  15. Plantation of softwood on degraded non-forest land.
  16. Any programme of conservation of natural resources or of a forestation.
  17. Relief and rehabilitation of handicapped individuals.

WHERE TO APPLY FOR 35 AC

Contact :- Our Consultant , Bhaskar T ( Phone No :- 7503145802 )
We prepare projects with 100% guarantee for approval. We have excellent expertise in 35 AC Projects since last 5 years.

DOCUMENTS TO BE ENCLOSED

  1. Application is to be made in 2 Sets, written either in Hindi or English.
  2. Name, address and status of applicant, the district/ward circle where assessed/PAN No to be given.
  3. Audited Balance Sheet, Profit& Loss A/c or Income& Expenditure A/c for the latest year and two preceding years.
  4. Detail of Trust or Society, supported by Trust Deed, Rules & Regulation, Memorandum of Association and registration certificate, if any.
  5. Name & Addresses of the persons managing the affairs of the association or institution, including those who left the organisation but were managing the affairs of the association or institution during the 3 years preceding the date of application.
  6. If the association or institution is notified under section 10(23)(C) or is approved for the purposes of section 80G, the particulars of such approval granted.
  7. Brief particulars of the activities of the association or institution during last 3 years preceding the date of application or since inception if the association or institution is less than 3 years old.
  8. Any other information’s which the association or institution may like to place before the National Committee related to them.

INFORMATION REGARDING THE PROJECT/SCHEME TO BE SUBMITTED

  1. Title of project or scheme;
  2. Date of commencement;
  3. Duration and the likely date of completion;
  4. Estimated cost of the project ;
  5. Category or class of persons who are likely to be benefited from the project or scheme;
  6. Affirmation that no benefit from the project or scheme other than remuneration or honorarium, will accrue to persons managing the affairs of the NGO.

CERTIFICATE TO BE ISSUED TO THE DONOR

All approved NGOs are required to issue a certificate to the donor for all contributions & receipts under section 35AC. The certificate is to be issued in Form 58A.

ANNUAL REPORT

NGOs should also send an Annual Report to the National Committee indicating the progress of the work relating to the project/scheme and the following information’s in respect of each donor :-

  1. Name of the donor’s & their addresses.
  2. PAN No.
  3. Amount of donation.
  4. The project/scheme for which the donation was made.
  5. Total amount of donation received during the year.
  6. Total cost of the project approved by the National Committee.
  7. Such Annual Report should reach the National Committee by 30th June, following the financial year in which the amount is received.

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