35AC AND 35AD

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explain in brief
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35 AC expenditure on eligible project or scheme

deduction is allowed if the payment is made to
I. a local authority
ii. public sector company
III. association or institution approved by national committee
for carrying eligible project or scheme for promoting public and social welfare for the uplift of public. the donor has to obtain a certificate from the institution in the prescribed form 58A..

however if the expenditure is incurred by itself it has to obtain report from CA in form 58B
Section 35 AD- deduction in respect of expenditure on specified business

deduction is allowed to the assessee under section 35ad if he is doing one of the following businesses

1.setting up and operating cold chain facility
2.setting up and operating warehouse facility for storage of Agricultural produce
3. Laying and operating a cross-country natural gas crude oil or petroleum pipeline network
4. Business of building and the operating a two star or above Hotel classified by Central Government anywhere in India
5. Building and operating anywhere in India a hospital with at least 100 beds
6. Developing and building a housing project under a scheme for slum redevelopment of rehabilitation framed by Central Government or State Government of India
7. Developing and building a housing project under the scheme for affordable housing framed by the central government or State Government of India
8. Production of fertilizer in India
9. Setting up and operating an inland container depots or container freight station notified and approved under the customs act 1962
10. Beekeeping and production of honey and bees wax
11. Setting up and operating a warehouse facility for storage of sugar
12. Laying and operating a slurry pipeline for transportation of iron ore
13. Setting up and operating a semiconductor wafer fabrication manufacturing unit if such unit is notified by the board in accordance with the prescribed guidelines
14. Developing operating and maintaining any infrastructure facility...
If the business mentioned falls under any of the above said businesses then a weighted deduction of 100 percent is available under section 35 AD

Further a 150% weighted deduction is available in the following cases
1. Setting up and operating a cold chain facility
2. Setting up and operating a storage facility for agricultural produce
3. Building and operating anywhere in India Hospital with 100 beds
4. Developing and building a housing project under a scheme for affordable housing framed by the central government or State Government of India
5. Production of fertilizer in India

In these cases a 150% weighted deduction is available

Is there any form to be filed for claimimg deduction u/s 35AD for two star above Hotel business ? Pls help me as early as possible


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