21 March 2012
CAN A INDIVIDUAL HAVING SALARY INCOME AVAIL DEDUCTION FOR THE EXPENDITURE MADE TO AN ORAGANISATON REGISTERED UNDER SEC.35AC. AND IS THIS DEDUCTION IS APART FROM THE DEDUCTION AVAILABLE UNDER SEC 80(C) 100000/-
23 March 2012
35AC can only be available to the business class of people and 80GGA relates to Scientific research whereas 35AC can be for any project for social up fitment. 35AC is available both to the receiver as well as the donor where as the 80GGA is available to the person who is making investment or expenses on scientific research