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of <h1>Associations must submit Form 58C under Section 35AC of Income Tax Act within 3 months post financial year end.</h1> The report required from an approved association or institution under clause (ii) of sub-section (4) of section 35AC of the Income Tax Act must be submitted in Form No. 58C. This report must be furnished to the National Committee for Promotion of Social and Economic Welfare within three months following the end of the financial year. Upon receiving the report, the National Committee has the authority to inspect or verify the information provided by the association or institution at any time.
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