Trust, Society and Section 8 Company can seek registration u/s 12A& 80G to claim exemption under Income Tax Act’ 1961, if certain conditions are satisfied. Both applications can be applied together or it can also be applied separately also. 12-A - Income of an organization is exempted if NGO has 12-A registration. 80G - Donors of that NGO can claim exemption from Income Tax.
First complete your three years of operation and then apply for 12A & 80G registration. Additional opinion please contact with our advisor at zero fee.
Generally it takes 3 to 6 monthsfor registration.
|1 The income applied for charitable or religious purpose will be considered as application of income i.e. expenditure incurred for charitable or religious purpose will be allowedwhile computing income of the trust.||1 Easy in raising Donation & CSR from local and foreign sources.|
|2 The benefit of accumulating or setting aside of income not exceeding 15% for charitable or religious purpose will be available.||2 Donors of that Society/Trust can claim exemption under Income Tax while filing their income tax return.|
|3 Easy in raising Donation& CSR from local and foreign sources.||3 Only an NGO registered under both 12A & 80G attract government funding.|
|4 The accumulation of income, which is deemed as application of income as per section 11(2), shall not be included in the total income..||4 Enhances the value of the organization and confidence with NGO.|
|1 Registration Certificate and MOA /Trust Deed (two copies – self attestedby NGO head)||2 NOC from Landlord (where registered office is situated);|
|3 Copy of PAN card of NGO;||4 Electricity Bill / House tax Receipt /Water Bill (photocopy);|
|1 Evidence of welfare activities carried out & Progress Report since inception or last 3 years||2 Books of Accounts, Balance Sheet & ITR (if any), since inception or last 3years;|
|1 List of donors along with their address and PAN;||2 List of governing body board of trustees members with their contact details;|
|1 Deed for verification Original RC and MOA /Trust;||2 Authority letter in favor of NGO Factory;|
|5 Any other document/ affidavit / undertaking information asked by the Income Tax department.|