National Urban Poverty Eradication fund

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24 Points Posted on 12 June 2020
can you explain what is national
urban poverty eradication fund and how amount of deduction eligible
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On 12 June 2020 at 06:12 Report
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The National Urban Poverty Eradication Fund is a central government initiative aimed at tackling urban poverty. Contributions made to this fund are eligible for a 100% tax deduction under Section 35CCA of the Income Tax Act. This means any expenditure incurred by way of payment to the fund can be fully deducted from your taxable income.

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AUDIT ASSISTANT
179 Points Posted on 12 June 2020
Any person incurrs any expenditure by way of payment of any sum to the National Urban Poverty Eradication fund set up and notified by the central govt. shall be eligible for deduction of such expentiure u/s 35CCA i.e. 100% deduction allowed of exp. incurred.
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On 12 June 2020 at 21:01
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24 Points Posted on 13 June 2020
Thank you sir
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On 13 June 2020 at 04:21

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