35AC tax exemption eligibility is provided by the income tax department to the organization to raise the funds for specific projects such as medical research, and so many other social welfare activities. With 35AC certificate, the organizations are privileged to provide 100% tax exemption to the amount received as donation from the donors. So when the donor donates fund for a project, they shall receive full tax exemption. 35ac sector…
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12A Registration – To register an NGO (trust, society or nonprofit company) with Income Tax department under Income Tax Act 1961, to claim tax exemption for their income.n case of delay for registration, the NGO should submit Audit Reports as may be available. NGO will have to fill up/ produce form 10A along with 12Registration form. Checklist: NGO incorporation copy By-laws PAN card Bank statement from beginning day to till…
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80G Registration is done after 12A registration. Getting 12A registration is a must for applying for registration of 80G under Income Tax Act, 1961. If an NGO has obtained certification under section 80-G of Income Tax Act then donors of that NGO can claim exemption from Income Tax. Earlier it was not one time registration and it was necessary to get 80G Certificate renewed after validity period. But as per…
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