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suraj kumar

80g|12a - 2 views

80g 12a exemption registration of

started by suraj kumar on 02 Aug 13
  • suraj kumar
    National Committee carrying out any eligible project or scheme, the assessee shall, subject to the provisions of this section, be allowed a deduction of the amount of such expenditure incurred during the previous year.
    Provided that a company may, for claiming the deduction under 80g exemption incure expenditure either by way of payment of any sum as aforesaid or directly on the eligible project or scheme.
    (2) The deduction under 80g (1) shall not be allowed unless the assessee furnishes along with his return of income a certificate-
    (a) where the payment is to a public sector company or a local authority or an association or institution referred to in 80g (1), from such public sector company or local authority or, as the case may be, association or institution;
    (b) in any other case, from an accountant, as defined in the Explanation in 80g registration
    in such form, manner and containing such particulars (including particulars relating to the progress in the work relating to the eligible project or scheme during the previous year) as may be prescribed.


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