Introduction:
In the form of a Charitable Trust/Society/Section 8 Company, an NGO (Non-Governmental Organization) is established solely to serve non-profit humanitarian purposes, and once such entity is formally registered, it is eligible for tax exemptions, benefits, and reliefs, as well as the provision of tax deductions for donors. Any income an NGO earns, such as service/production/donation, will be treated as normal taxable income without regard to the purpose of such income unless that NGO has obtained 12AB and 80G registrations online. With the help of 12AB registration, all the income earned by the NGO is exempted from tax. Hence, such NGO can utilize all earnings in promoting its objectives. With the help of 80G registration, the tax on the donations offered by the donors for the upliftment of the society is exempted.
Duration: 30 Days
Benefits:
- 1. Get tax benefits.
- 2. Increases the chances of getting funding’s and donations.
- 3. Builds trust among people.
- 4. Only 12AB and 80G registered NGOs are allowed to accept international funding, with exceptions available under the Foreign Regulation Act, 2010 (FCRA)
Documents required for registration:
Scanned copy of