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12A and 80G Registration for NGOs
What is 12A and 80G?
12A and 80G are tax exemption registrations granted by the Income Tax Department of India to non-profit organizations, including NGOs, charitable trusts, and Section 8 companies. These registrations help organizations save taxes and encourage donors to contribute by offering tax benefits.
Why is 12A & 80G Registration Important?
- Exempts NGOs from paying income tax.
- Encourages donations by offering tax benefits to donors.
- Enhances credibility and trust among donors and funding agencies.
- Helps in receiving grants from government and private institutions.
Benefits of 12A & 80G Registration
- Tax Exemption for NGOs: Income from voluntary contributions is not taxable.
- Tax Benefits for Donors: Donations to registered NGOs are eligible for tax deductions under Section 80G.
- Enhanced Credibility: NGOs with these registrations attract more donors and funding.
- Eligibility for Government & CSR Funding: Many government grants and CSR funds require 12A & 80G registration.
Who Can Apply?
The following entities can apply for 12A and 80G registrations:
Non-Governmental Organizations (NGOs)
- Charitable Trusts
- Section 8 Companies
- Societies engaged in charitable activities
Eligibility Criteria
- The organization must be registered as a Trust, Society, or Section 8 Company.
- The NGO should operate for charitable, social, educational, or religious purposes.
- The organization’s funds should not be used for personal benefits.
- Proper financial records and audited accounts should be maintained.
Procedure for 12A & 80G Registration
- Application Submission: Submit Form 10A for 12A and Form 10G for 80G registration on the Income Tax portal.
- Documentation & Review:Provide all necessary documents, including financial statements and registration certificates.
- Scrutiny by IT Department: The Income Tax Department reviews the application and may request additional information.
- Approval & Certificate Issuance: Upon successful verification, the department grants 12A and/or 80G registration.
Documents Required
- NGO Registration Certificate (Trust Deed / Society Registration / Section 8 Incorporation).
- PAN Card of the Organization.
- MOA & AOA (for Section 8 Companies).
- Audited Financial Statements (Last 3 Years).
- Income Tax Returns (if applicable).
- Activity Report of the Organization.
- Bank Account Details