TaxTMI 
TaxTMI 
Associations/institutions carrying out rural development programmes Guidelines for approval under section 35CCA of the Income-tax Act, 1961
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....ompanies and co-operative societies to involve themselves in the work of rural development, the Finance (No.2) Act, 1977, had introduced a new section 35CC in the Income-tax Act, under which companies and co-operative societies are entitled to a deduction in the computation of the taxable profits of the expenditure incurred by them on any approved programme of rural development. 2. With a view to....
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....me of rural development for the purpose of this section has the same meaning as is assigned to it in section 35CC. The expression "programme of rural development" has been defined in the Explanation below sub-section (1) of section 35CC to include any programme for promoting the social and economic welfare of, or the uplift of, the public in any rural area. Areas falling outside local limits of s....
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.... registered under section 25 of the Companies Act, 1956, or (d) a corporation established by or under a Central, State or Provincial Act. (iii) The activities of the association/institution are open to citizens of India without distinction of religion, caste, creed, race, lingual group, etc., and are not expressed to be for the benefit of any particular individual or community. (iv) The associ....
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....ories of projects of rural development which would be considered by it for approval for the purposes of section 35CCA of the Income-tax Act, 1961 (Annex. II). It may be pointed out that this list is merely illustrative and not exhaustive and the items mentioned therein may be modified or supplemented in due course in the light of the different types of cases which come up for approval. 7. Some of....