80G and 12A Registration

Introduction

NGOs in India can significantly benefit from 80G and 12A registrations under the Income Tax Act, 1961. These registrations not only provide tax exemptions to the NGOs but also make the donors eligible for tax deductions, enhancing the NGO's ability to attract more donations. Understanding and obtaining these registrations are crucial for NGOs to maximize their impact and ensure compliance with Indian tax laws.

At CorpIQ, we understand the crucial role NGOs play in society and the importance of 80G and 12A registrations in their operations. Our dedicated team specializes in guiding NGOs through the intricate process of obtaining these registrations, ensuring they can maximize their impact while staying compliant with Indian tax laws. We're more than just a service provider; we're a partner in your mission. We understand the value of your work and are committed to helping you achieve your objectives by maximizing your financial resources through 80G and 12A registrations.

Unmatched Expertise

- Specialized Knowledge: Our professionals are well-versed in the specific requirements and nuances of 80G and 12A registrations.

- Up-to-Date Information: We stay abreast of the latest changes in tax laws and regulations, ensuring our clients receive the most current and accurate advice.

LEGAL FRAMEWORK

12A Registration

Section 12A of the Income Tax Act allows tax exemption for the entire income of an NGO. This is the first step in becoming fully tax-exempt. To be eligible, NGOs must not have any income generated from a profit motive and must maintain regular accounts.

80G Registration

Section 80G of the Income Tax Act allows donors to avail tax deductions on their donations to the NGO. This is a significant incentive for donors as it reduces their taxable income. To obtain 80G certification, NGOs must not have any income not exempted, including business income.

DOCUMENTS REQUIRED

For 12A Registration

• Registration Certificate and MOA/Trust Deed
• PAN Card of the NGO
• Income Tax Returns filed (if applicable)
• Book of Accounts, Balance Sheet, and Income & Expenditure Account
• List of Trustees/Directors
• Original RC, Trust Deed, or MOA

 

For 80G Registration

• Duly filled in Form 10G
• Registration Certificate and MOA/Trust Deed
• PAN Card of the NGO
• Income Tax Returns filed for the last three years
• Book of Accounts, Balance Sheet, and Income & Expenditure Account
• List of Trustees/Directors
• Note on activities

 

PROCEDURE FOR REGISTRATION

For 12A Registration

• File an application in Form 10A to the Commissioner of Income Tax.
• Attach all required documents.
• Post verification, the Commissioner will pass an order granting or refusing registration.

 

For 80G Registration

• File an application in Form 10G to the Commissioner of Income Tax.
• Attach all necessary documents.
• The Commissioner assesses the application and documents, and upon satisfaction, grants the certificate.

 

FEATURES AND BENEFITS

- Tax Exemption (12A): Complete tax exemption on NGO's income, aiding in more resource allocation towards charitable activities.

- Donor Incentives (80G): Encourages donations by offering tax deductions to donors, increasing fundraising potential.

- Credibility: Enhances the NGO's credibility among donors and governmental bodies.

- Compliance: Ensures compliance with Indian tax laws, avoiding legal complications.

- Sustainability: Aids in building long-term financial sustainability for the NGO.

Why is 12A and 80G Registration Essential for NGOs?

80G and 12A registrations are not just legal requirements but strategic tools for NGOs in India. They open doors for increased funding, provide tax benefits, and enhance the organization's reputation and trustworthiness. Moreover, they ensure that the NGOs are aligned with the legal framework, promoting transparency and accountability in their operations.

CORPIQ PERSONALIZED SUPPORT AND GUIDANCE

- Tailored Strategies: Understanding that each NGO has unique needs, we offer customized solutions to align with your specific goals.

- Continuous Communication: Clients are kept informed at every stage of the registration process.

- Problem-Solving Approach: We proactively address potential issues, ensuring a smooth registration journey.

PROVEN SUCCESS AND RELIABILITY

- Track Record of Success: Our history of successful 80G and 12A registrations speaks to our effectiveness and reliability.

- Client Satisfaction: Testimonials from numerous satisfied NGOs attest to our commitment to excellence and client service.

- Long-Term Relationships: We build lasting relationships with our clients, supporting them even after registration is complete.

GET STARTED WITH CORPIQ

Start your journey towards 80G and 12A registration with a trusted partner. Choose CorpIQ for a seamless, efficient, and successful registration process. Contact us today to learn how we can assist your NGO in making a greater impact.