80G & 12 A REGISTRATION

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ABOUT 80G & 12 A REGISTRATION

This is basically about the tax exemption on all charitable donations. Those non-profit organization has 80G certificate are exempt from tax between 50 and 100 percent. This certificate is given by Income Tax Department. Mostly this exemption is 50 percent or 10 percent of donor's income. 100 percent tax exemption is generally for the donation giving to government organization. If any NGO does not have 12 A registration, income tax is chargeable on every transaction.

ADVANTAGES

  • 12A Advantages
    · Income Tax Exempted from Income.
    · Benefits can avail from government, foreign donators and other agencies
  • Advantages from FCRA Registration
    UNDER SECTION 80G
    · It Increases the Value of the Organization and Enhance the Confidence of the People Associated with It.
    · It Makes Donor to Feel Good as well as Lower the Tax from the Income.
  • LEGAL PROTECTION CONTINUES
  • UNIQUE IDENTITY PROTECTEDT
  • TRUST OR GOODWILL

DOCUMENTS REQUIRED

  • Under Section 80G
  • Registration certificate (MOA) of NGO
  • Copy of electricity bill
  • Copy of PAN card of NGO
  • Evidence or proof of welfare activities for last 3 years
  • Bank details and balance sheet since inception or last 3 years
  • List of donors with address proof and PAN Card details
  • List of trustee members with their contact details
  • Copy of registration granted under section 12A or copy of notification issued under section 10(23) or section 10(23C)

UNDER SECTION 12A

  • Id and Address Proof and PAN Card of Trustee
  • Certified Copy of Registration Certificate Under which the Trust was Established
  • Certified Copy of Trust Creation (MOA and AOA)

ELIGIBILITY

  • Under Section 80 G
    • NGO should be registered under the act.
    • Donation gave to charities prescribed under 80G
  • Under Section 12 A
    • Charitable Trusts, Religious Trusts are Come Under this. • It is Not Applicable for Private or Family Trust.

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