https://www.taxtmi.com/acts?id=47408 Section 35AC allows an assessee to deduct expenditures paid to a public sector company, local authority, or National Committee approved association or institution, or incurred directly by a company, for carrying out eligible projects or schemes promoting social and economic welfare. The deduction is conditioned on filing a prescribed certificate with the return-issued by the recipient where applicable or by an accountant otherwise-and is exclusive of any deduction for the same expenditure under other provisions. The National Committee is constituted by the Central Government, which notifies eligible projects on the Committee's recommendations. en-us Mon, 13 Jan 2025 14:46:47 +0530 Mon, 27 Jan 2025 16:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47408 Section 35AC allows an assessee to deduct expenditures paid to a public sector company, local authority, or National Committee approved association or institution, or incurred directly by a company, for carrying out eligible projects or schemes promoting social and economic welfare. The deduction is conditioned on filing a prescribed certificate with the return-issued by the recipient where applicable or by an accountant otherwise-and is exclusive of any deduction for the same expenditure under other provisions. The National Committee is constituted by the Central Government, which notifies eligible projects on the Committee's recommendations. Act-Rules F. Acts / Amendment Acts Mon, 13 Jan 2025 14:46:47 +0530 https://www.taxtmi.com/acts?id=47408