Latest & Most Important Updates Regarding 80G/12A Registration

Are you a social entrepreneur searching for ways to make a transformation? But not sure about the tax implications involved as well as the fundraising. If, yes section 12A & 80G of income tax is here for your rescue. Are you the founder of an NGO, fund manager, or big-hearted donor, you should know why it is crucial to register your NGO with 12A & 80G deduction of the Income Tax Act before moving forward with your social work.

Read Also This – What Benefits Can I Get From 80G 12A Registration
  • The 80G certificate & are holding applicability only for NGOs as well as charitable organizations
  • Preparation of draft of application as per section 12A licensing
  • Preparation of application draft for purpose of exemption certification under 80G
  • Approval from income tax commissioner
  • Follow up of the taxation authorities from start to end
  • 500+ CA/CS and other professionals from all over the country

    • Certification under section 12A

    The first & foremost step for an NGO is filing an application for the tax exemption certification and this is also called as the section 12A certification. Furthermore, without NGO licensing, the receipts of the NGOs would be subjected to the standard of taxation rates. So, advantageous exemptions applicable to NGOs would be getting lost. The certification under section 12A will help you in securing the funding sourced from Governmental authorities or entities from abroad. So, it is owing to the reason that it will be assisting in securing the funding. As well as serving as the legitimate of the paperwork for the existence of NGOs as well as the social goals. So, you should be in the condition of seeking 12A licensing for availing tax exemption even though the constitution of the NGO will be done in the form of a trust, society or not-for-profit organization.

    What advantages 12A registration provide?

  • The NGO income is exempted from taxation
  • NGOs will be becoming eligible in order to apply for grants from any of the domestic as well as the global Governmental agency
  • Apart from that, NGOs will be capable of availing the advantages as per FCRA licensing

    • How to get 80G certificate?

    It is compulsory to register your NGO under section 80G of, the Income Tax Act. The main advantage of registering an NGO is that donors to the specific social cause are not liable to taxation when they donate to the NGO. So, this means that the section 80G registered NGO will be holding the entitlement for reducing the amount of money that they will be donating to the NGO from the total of taxable of income.

    What all advantages 80G licensing provide?

  • According to the by-laws of the society, the 80G licensing will make the NGO quite a promising of prospect through the enhancement as well as the credibility of the organization along with the reliability linked with the same.
  • Well, the 80G certificate will help the donors of the NGOs not only feel good about themselves making the donation for the specific of cause but at the same time incentivize everyone through the advantage of reducing taxable income.
  • Only NGO having 80G/ 12A registration is holding the eligibility for seeking the Governmental funding
  • Seeking 80G licensing will assist in securing the foreign contributions

    • How NGO can be benefitted by hiring 80G/12A Registration help experts?

    Registration of NGO as per section 12A will facilitate the NGO from the exemption with regard to the standard of the tax rates. As per section 80G, this will ensure that the individual will be making the donations to the NGI and this will deduct the amount from taxable income and this will be leading to greater donations. So, the 80G 12A registration consultants will be taking care of almost everything which is ranking from filing applications, collecting the necessary documentation, completing forms, submission of everything at the commissioner's income tax office. Not only it will ensure that the application will be accompanied through the filing of information appropriately in the form along with the submission of the prescribed documentation. Furthermore, it is also ensured that the application will be passed through official scrutiny as well as other of formal checkpoints will be there in the place.

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

    The 80G & 12A Registration experts provide end to end compliance

    The 80G & 12A Registration experts provide the single-stop solution for facilitating & ensuring end to end solutions with regard to regulatory compliance guidelines.

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