Every NGO have to take the approval of PROJECT COST.This approval is always issued by the CBDT.But Iwant toknow the procedure of approval of project cost,and the circulars through which it is declared by I.T.Dept.Is any guidelines is avilable with our website? Please inform on my email : [email protected] From Arvind Jadhav.
Procedure - Approval of project
Arrvind jadhav
Project cost approval for NGOs follows Income Tax Rules guidance (rules 11F-11O); consult the departmental website for procedure. NGOs must obtain formal approval of project cost from the Central Board of Direct Taxes, and the procedural framework, documentation standards, and any related circulars are set out in Rules 11F to 11O of the Income Tax Rules, 1962, which are available on the departmental website. (AI Summary)
TaxTMI