Expenditure on Eligible Projects or Scheme - Section 35AC (Upto AY 2017-18)

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....g on or after 1-4-2018. Who can claim deduction Assessee To whom the payment should be made Direct expenditure on eligible Project A company Deduction is available if the tax payer incurs any expenditure by way of payment of any sum to a public sector company or a local authority or to an association or institution approved by the National Committee for carrying out any eligible project or s....