https://www.taxtmi.com/article/detailed?id=8131 A deduction is available for payments to approved public sector companies, local authorities, or associations/institutions for eligible projects or schemes approved by the National Committee, conditional on prescribed certificates and reporting. The Committee approves entities meeting charitable and governance criteria, may withdraw approval for non compliance after hearing, and treats amounts previously deducted as income of the recipient upon withdrawal, with taxation at the maximum marginal rate. Approvals are time limited and subject to renewal based on performance. en-us Tue, 21 Aug 2018 05:47:54 +0530 Tue, 21 Aug 2018 05:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8131 A deduction is available for payments to approved public sector companies, local authorities, or associations/institutions for eligible projects or schemes approved by the National Committee, conditional on prescribed certificates and reporting. The Committee approves entities meeting charitable and governance criteria, may withdraw approval for non compliance after hearing, and treats amounts previously deducted as income of the recipient upon withdrawal, with taxation at the maximum marginal rate. Approvals are time limited and subject to renewal based on performance. Articles Other Topics Tue, 21 Aug 2018 05:47:54 +0530 https://www.taxtmi.com/article/detailed?id=8131