Your Guide to 12A and 80G Registration for NGOs
NGOs have dramatically shifted the very fabrics of this society in such a positive sense, but without having the apt registration, that maximizes and potentially funds. They are; the 12A and 80G. Such registrations actually waive tax and let NGOs get donors without causing an eye blink or worry about payment through tax procedures and are in all ways considered transparent and truthful. This user-friendly guide given by NGOPartners has outlined the simplified way of making an application of obtaining 12A and 80G Registration.
What is 12A
Registration?
12a 80g registration
in Delhi is a one-time certificate that the Income Tax Department of
India provides. The NGOs become tax-exempt from paying income tax on surplus
funds, hence it enables them to pursue their social causes without stress over
funds.
Advantages of 12A
Registration:
Tax Exemption:
The income generated by the NGO will be exempted from paying taxes.
Enhanced
Trustworthiness: It increases donor confidence and attracts funds.
Eligibility for
Grants: NGOs can seek government and international grants.
What is 80G
Registration?
80G registration provides tax benefits to donors giving
donations to your NGO. Tax benefits attract donations because the donor will
get deductions from his taxable income.
Advantages of 80G
Registration:
·
Enhanced
Donations: Tax benefits make more individual and corporate donors
interested in donating to the NGO.
·
Trust
Factor: The certification provides credibility to the activities of the
NGO.
·
Tax
Benefits for Donors: Contributions qualify for 50% tax relief.
Eligibility Criteria
for 12A and 80G Registration
The eligibility criteria that the NGOs must satisfy before
obtaining these registrations are as follows:
Eligibility Criteria:
Non-Profit Motive:
It should solely be for the purpose of carrying out welfare activities.
It should have maintained proper books of accounts
There should be no distribution of profit among the trustees
or members by way of income.
Procedure to Obtain
12A and 80G Registration
Step 1:
Preparation of documents
·
Documents to be prepared
·
Trust Deed or Memorandum of Association (MOA)
·
PAN card of the NGO
·
Financial statements and audit reports
·
Bank statements
2. Application
Form 10A for registration of 12A and Form 10G for 80G registration
Attach all the documents required and provide clear details
about your organization.
3. Verification by
the Authorities
The Income Tax department verifies your authenticity by
checking the actual operations, objectives, and financials of your NGO.
4. Certification
You will then receive your 12A and 80G upon approval.
What can NGOPartners
do for you?
NGOPartners is
empathetic about how it takes sometimes to go through the process. We have
expertise so that error-free and well-placed, submissions are possible from our
team. Here is what we support in your path
·
Documentation
support: We facilitate and arrange your preparation of every required
document in advance.
·
Guidance from
Start to End: Our team guides you in every step.
·
Updates:
Keeping you posted with the status of your application
Why NGOPartners?
·
Experience:
Service years in all NGO-related matters.
·
Transparency:
No hidden fees and clear information.
·
Fast
processing: We use efficient processes saving your time
·
Personalized
services: Solutions tailor-made for specific needs
Getting 12A and 80G
registration is a crucial process that will keep your NGO alive. Not
only do these registrations have monetary benefits, but they also give an NGO
credibility and worthiness. With NGOPartners, you can make it easier and just
focus on the important things: creating a better world.
Let us help you achieve your goals. Contact NGOPartners
today to start your journey towards 12A and 80G registration!
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