A NGO, registered under Section 80G of the Income Tax Act, 1961, can issue exemption certificates to the person, who has made some donations to the NGO. Such exemption certificates issued by the NGO will enable the donor to claim and avail income tax exemptions upto the 50% of total donated amount. Therefore registration under Section 80G is very important for a NGO, so, it can receive donations from general population, corporate under CSR Schemes etc.
Every NGO has to prepare and file it’s Balance Sheets and Income and Expenditure Account with the Income Tax authorities. Income tax shall be payable by a NGO on its excess income over expenditure if the NGO is not registered under Section 12A of the Income Tax Act, 1961. Therefore, in order to avoid Income Tax liability, a NGO must get itself registered with the Commissioner of Income Tax (Exemptions) under Section 12A of the Income Tax Act, 1961. TratoIndia prepares all necessary documents, application forms etc to help you get your NGO registered under Section 80G & 12A of the Income Tax Act, 1961 at an affordable price without any hassle.
80G & 12A registration is granted by the office of Commissioner of Income Tax (Exemptions) and therefore, there is uniform process and documentation. Below is the list of documents and information required for seeking registration under Section 80G & 12A of the Income Tax Act, 1961: -
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