FORM NO. 58A: Certificate of Expenditure of Payment In Respect Of Eligible Projects. FORM NO. 58A is relevant to an assessee who claims deduction under section 35AC of the Act in respect of 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 notified eligible project or scheme.
(1) The certificate referred to in clause (a) of sub-section (2) of section 35AC shall be in Form No. 58A.
(2) The certificate referred to in clause (b) of sub-section (2) of section 35AC shall be in Form No. 58B.
(3) Every public sector company or a local authority or an association or institution, as the case may be, who issues a certificate referred to in sub-rule (1) or sub-rule (2) shall, in respect of the 31st March in each financial year, deliver or cause to be delivered to the Secretary, National Committee, an annual report indicating the progress of work relating to the project/scheme during the year as well as the following information (please specify the information in respect of each contributor separately) :—
(i) Names of the contributors and their addresses.
(ii) Permanent Account Number/G.I.R. Number of the contributors.
(iii) Amount(s) of contribution.
(iv) The project/scheme for which contribution was made.
(v) Total amount of contribution received during the previous year.
(vi) Total cost of the project approved by the National Committee (with date of Committee’s approval).
(4) Every public sector company or a local authority or an association or institution, as the case may be, who issues a certificate referred to in sub-rule (1) or sub-rule (2) shall send an annual statement of donation received and the details of the project to the National Committee and to each contributor by 30th June, following the financial year in which the amounts are received.]
FORM NO. 58A
[See rule 11-O (1)]
Certificate of expenditure by way of payment in respect of eligible projects or schemes notified under section 35AC
1. Certified that
[name & address of donor] (P.A. No
has paid a sum of Rs.
[in words] on _________ [date] in cash/by cheque No. /Demand Draft No.
in respect of ____________ [name of project or scheme] project or scheme which has been notified under section 35AC vide Notification No. SO
issued from File No.
at an estimated cost of Rs.
for assessment year(s)
2. It is further certified that the amount received from the donor is within the amount of the project/scheme approved by the National Committee under section 35AC of the Income-tax Act as may be seen from the following:
Amount in Rs.
|Amount received till date as donations from others prior to this donation :|
|Amount received from donor named in Paragraph 1|
|Total amount received for the project/scheme including the amount covered under this certificate|
|Total cost of the project/ scheme approved by the National Committee under section 35AC|
3. An annual statement of donations received and the details of project will be sent to the National Committee and the donor by 30th June following the financial year in which the amounts are received.
|Name ||Signature |
|Address ||Name |
Permanent Account No.
|Designation of the person managing the|
|affairs of the donee organization|