Can i apply for 80G/12A Registration online for my NGO?

The Income tax authorities will be issuing the 80G certification to the NGO, non Non-governmental organization. So, this is in the form of the charitable trust, or section 8 of the company. So, the 80G certificate will be facilitating the donors for contributing the cost to the NGOs. So, through the making of contributions to an entity like an NGO, the donor will be earning the tax deduction to the extent of 50% as they will be entitled to the deduction of this amount from the Gross total income. So, apart from that, the donor will be adding the signed of donation receipt which is being prepared to take the exemption benefit. So, this type of receipt will include the name of the company, donation date as well as PAN card.

Are donations made to NGO are taxable?

The donations that are rendered under charitable institutions or relief funding could be claimed in the form of a deduction as per section 80G, the Income Tax Act. All the categories of the contributions, are not holding eligibility for carrying out the deductions under such section. So, the donation will be made to be prescribed funding will be qualifying in the form of deductions. So, the deductions could be claimed under this section through the taxpayer individuals, companies, firms, or any other individual. So, the deductions could actually be claimed under the condition that the contribution will be made through cheque draft, or even via cash. However, the contribution that will be made in kind could not be claimed in the form of the deductions under the section.

About Section 12 A, Income Tac Act

According to section 12A, of the Income Tax Act, there will be a provision of the exemption of taxes from the income or the money which has been received from the NGO. Once the trust or society or the section 8 companies get the registration, as per the 12A of the Income tax act, then there is the possibility of availing the exemptions during the filing of the income tax returns.

However keep in mind, that the section 12A. Income Tax Act, 1961 will include the single time tax exemptions from trusts/ NGOs as well as the section 8 businesses As, the organizations will be holding the section 12 A licensing and this will be having the exclusion from the payment of the taxation on the surplus income.

The NGOs will be having charities as well as the non for profit organizations. So, they will be earning the income and in case not report as per section 12A, Income Tax Act, there will be expectations to make the payment of the taxation as per the regular of rates. This is applicable both in the combined way or distinct manner. So, when the business is willing to file both applications in a distinct way, then first filing will be done for registration under 12A. Obtaining 12 A Registration is mandatory to apply for certification under the Income tax Act, in year 1961.

How to apply for 80G/12A Registration?

  • Step 1

    • The applicants, whether charitable societies/institutions will be applying for the renewal/80G/12A Registration from the Income tax portal. This is done through the utilization of the form no. 10A or 10B of the income tax entry credentials. So, the applicant is required to conduct the submission of the paperwork as well as the applications enclosed within the article.

  • Step 2

    • Upon filing & submission of the application form, there will be verification from the organization’s authorized signatory. This is done via digital signature when the income tax return filing is done via digital signature, otherwise via EVC.

    Upon the application receipt in form no 10A / 10B, the PCIT/ CIT will be authorized through the board and will accept or reject the application. So, the PCIT/ CIT will be issuing 16 digital alphanumeric URNs under the condition of approval of the application.

  • Step 3

    • Upon receipt of the application as per form no. 10A / 10AB, as the condition can be, the PCIT/ CIT will be authorized through the board and there will be acceptance or rejection of the application. So, PCIT/ CIT will be issuing 16 digital alphanumeric URNs under the condition of the approval of the application.

    Read Also This – What are important updates about 80G/12A Registration for NGO

    Our 80g/12a Registration Consultant Provides End-To-End Assistance! Call Today!

    The 80G/12A Registration consultant provides thorough, end-to-end assistance for the exemption from the income tax under section 12A. This is for seeking the income taxation rebate on the entire income taxation which will be earned annually by the NGO. So, the applicant will be getting hands-on help on all the paperwork along with filling up the forms, applying for 12A Registration along proceeding towards the rest of the steps of the NGO.

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