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Applicable Section and Rule | |
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Section 35AC(1): An assessee is eligible to claim deduction for expenditure made by way of payment made to a public sector company or a local authority or an association or institution approved by National Committee for carrying out any eligible projects or scheme.
Sec. 35A(4)(ii): Where an association is approved by National Committee under sub-section 1 and subsequently the association does not furnish the report (Form 58C) as prescribed in Rule 11MA after the end of the financial year on or before 30th June, the said approval may be withdrawn.
Following Forms are required to be filed on or before due dates on annual basis –
Form No. |
Details |
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Form of report by an approved association or institution under clause (ii) of sub-section (4) of section 35AC
Rule 11MA:
Form of report by public sector company or local authority or association or institution, which is carrying out a notified eligible project or scheme, under clause (ii) of sub-section (5) of section 35AC.
Rule 11MAA:
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