How To Revalidate 80G/12A Registration? Guide To Renew Your 80g/12a Registration?
The charitable institutions as well as the non-governmental organizations will be holding eligibility for the tax exemptions as well as the benefits within the country. The exemptions as well as the benefits will be dealt with under section 12A/12AA as well as the 80G of the income tax act introduced in year 1961. The institutions will be seeking the advantages under section 12A as well as 80G and have to conduct the revalidation of the registrations under the two of the sections before the year 2020, to continue seeking the advantages.
The prevailing of the religious/ charitable institutions/ NGOs are required to re-apply to the income tax authorities to revalidate the current of registrations. The charitable institutions are not capable of claiming the advantages extended to them as per the 12A & 80 G deductions, without revalidating. This type of revalidation procedure will focus on whether all the charitable the activities of institution/ trust or NGO will be holding the genuineness or not.
Read Also This – How NGOs Can Reap Benefits Of Tax Exemption Through 80g & 12 A RegistrationProcess of revalidation under section 80G/12A registration
For claiming exemption, charitable/ religious trusts or institutions that will be including NGI should apply to the principal commissioner of income tax/ commission of income tax online within form 10A. So, the process to apply for revalidation or registration is listed below:
The NGOs who apply for the process of registration/revalidation according to the amendment provisions section 80G is compulsorily needed for extending the registration number details on the site.
The 80G & 12 A registration is compulsory when the business intends to receive or granting any of the grant or assistance from Central or state governmental authorities.
Issuing of revalidation registration certificate
Once the application for revalidation is filed, then there will be granting of the order which will be passed within 3 months. Also, revalidated registration as per sections 12A & 80 G will be holding the validity for five years of tenure and after which there is a requirement of revalidation once again. The re-application after period of 5 years, is required to be made at least a maximum of 6 months before crossing the period of validity.
Once receipt of the revalidation application is made under 10A, the PCIT( Principal commissioner of income tax)/ CIT( Commissioner of Income-tax) will pass the order to approve in writing in form no. 10AC as well as the issuance of 16 digital URN( unique registration numbers) to all applicants.
Read Also This – Can i apply for 80G/12A Registration online for my NGONo need to worry about paperwork hassle! Leave everything on 80G/12A registration experts!
The team of 80G/12A registration experts will be assisting you in carrying out the completion of the process in a seamless manner and this is without being worried about paperwork as well as registering process. The specialists will be taking care of the entire documentation procedure and incorporation in the most efficient of the manner.
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