Expenditure on eligible projects or schemes

Expenditure by way of payment of any institution approved by the National Committee for carrying out any eligible project or scheme:-

 

The provisions of the amount of such expenditure incurred the previous year. It has provided that a company claiming the deduction under the tax exemption ensures that expenditure either by way of payment of any sum as aforesaid or directly on the eligible project or scheme.Get more details on 80g of income tax act.

The deduction under a subsection shall not be allowed unless the assessee furnishes along with his return of income a certificate, where the payment is Public Sector Company or local authority or an association or institution referred to in a sub-section from such Public Sector Company or local authority or as the association or institution; or the assessee submits a certificate from an accountant, as defined in the aforementioned sub-section of section 288, along with his return of income, in any other case, in the manner, form, and with the details (including details relating to the progress in the work relating to the eligible project or scheme during the previous year) that may be prescribed.

 

Where a deduction under this section has been claimed and allowed for any assessment year in respect of any expenditure referred to in sub-section deduction that shall not be allowed in respect of such expenditure under any other provision of this act for the same or any other assessment year. Association or institution approved by the National Committee under registration and after:-

1) Committee satisfied that the project or the scheme is not being carried out according to all or any of the conditions subject to which approval was granted or

2) Such association or institution to which approval was granted, has not furnished a report to the National Committee after the end of each financial year a report in such form and setting forth such particulars and within such as prescribed, after providing the relevant association or institution with a reasonable chance to object to the planned withdrawal, the National Committee has the right to revoke the authorization at any moment. 

 

Expenditure by way of payment to associations and institutions for carrying out rural development programmers:-

(a) To an association or institution object the undertaking of any planned or rural development used for carrying out any program for rural development approved by the prescribed authority.

(b) To an association or institution which object training of a person for implementing programmers of rural development.

(c) To a rural development fund set up and notified by the Central Government.

(d) To the National Urban Poverty Eradication Fund set up and notified by the Central Government.

 

You can grab more details on 80g certificate.