12A and 80G Registration
100000+
Happy Customer
100+
CA & Lawyers
10+
Offices
WhizSeed made our company registration a breeze! Their expert guidance and efficient process saved us time and effort. Highly recommended for startups!
- Aman Gupta
Choosing WhizSeed for our NBFC needs was a game-changer. Their in-depth knowledge and personalized solutions ensured a smooth and compliant operation.
- Akash Yadav
WhizSeed's compliance services have been a lifesaver for our business. They keep us on the right side of the law, allowing us to focus on growth with confidence.
- Sonam Malhotra
Rated at 4.9 By 50000 + Customers Globally
Our experts will help you with documentation
Then we will file the Incorporation file and submit
Once all the steps completed, you will get Certificate.
khushi Online
Expertise in 12A and 80G Registration
These are the basic registration that stands as essential for non-profit organizations which include trusts, section 8 companies as well as societies. Section 12A registration provides for an exemption towards paying income tax and it can be considered by all the NGOs. The benefit arising stands as an exemption, to receive grants and for the recognition of the organization. Section 80G registration further allows the donors to the organization who further claim deduction under the Act and can be considered by the NGOs. It basically encourages the tax benefits, enhances the donors and receives various funding. Both of them play a vital role for the non profit organizations to operate efficiently and further receive the funds for the NGOs.
Here Non profit organization refers to mainly three types of organization which includes trusts which need to be governed by the Trust Act and the next one is societies which are governed by Societies Act and the last one is Section 8 companies which are the part of Companies Act of 2013. These registrations are crucial in order to get exemptions and deductions under the Income Tax Act. Also help NGOs to get donations because the donor will get benefit on the donated amount. Hence all the NGOs must get these two registrations as soon as possible.
Both these registration has been done under the Income Tax Act of India. They are for different purposes. For the better understanding of both of them let's delve deep down into them one by one:
Section 12A of the Income Tax Act provides exemption to all the types of charitable institutions which are basically known as Non Government organizations or NGOs. All the NGOs must be aware about this section because it provides them exemption against the surplus amount. It helps them to save tax which they can use for the benefit of the organization or for achieving the objective of the organization.
If as an NGO you want to get donations then you must get this Section 80G certification under the Income Tax Act. This certification helps the donors to get 50% rebate on the donated among which means they can deduct the donated among from their total income which ultimately helps them to get tax benefit. That is why this certification under 80G is really important for all types of Non Government Organizations in India.
The registration of religious or charitable NGOs is done under Section 12A as it allows them to claim tax exemptions on the income that they receive from donations. The eligibility criteria that need to be fulfilled to obtain 12A registration are:
The registration of charitable or religious organizations under 80G allows their donors to claim tax exemptions on their donations to such organizations. The eligibility criteria that need to be fulfilled for this registration are:
The documents required for 12A and 80G registration under the Income Tax Act are given below:
The below mentioned are the procedure to be followed in order to get the above mentioned registration under the Income Tax Laws:
The benefits of registration under Section 12A and 80G are discussed below for the better understanding purpose:
If donation has been made to any non charitable organization and if such organization has registration under section 80G of the Income Tax Act, then such donor will get exemption on tax liability of that amount and he or she can deduct that from his total income which saves his tax among.
Any Non Government Organization which has these two registration called section 12A and 80G, their trust as well as credibility in the market will automatically increase. Donors prefer to trust such NGOs for the donation as well as other causes.
Donors always prefer to donate money for such NGOs who are having these two registrations called 12A and 80G. This is because their personal gain is also involved and they can achieve the same only if the organization has these registrations. Without 80G certification a donor cannot claim deduction on the donated amount. Hence we can say that these registrations increase the potential of fundraising among the NGOs.
If any Non Government Organization wants to get the benefits of various kinds of government grants then they must have proper documentation. In this documentation these two registration also fall hence one muse takes 12A and 80G registration in order to get the various government benefits.
In order to gain the long term sustainability you have to take or obtain these two registration under the Income Tax Act. They help the organization to run in the long term.
The validity of the registrations under Sections 12A and 80G granted for the first time will be provisional and valid handiest for three years. The NGOs can apply for the renewal either six months before the expiry or within six months of the conduction of activities. After renewal, a grant of five years is given to them. This is how this registration works. First temporary registration has been provided after which the applicant needs to get the permanent registration. The entire process of registration as well as renewal is online and you may without problems whole the same with the help of an expert professional marketing consultant.
Registration under Section 12A and 80G plays a crucial part in obtaining the benefits which further acts as a helping hand towards the registered party. These both sections play a crucial role which should be followed to receive fundings as well as to get exemptions for the taxing authority. Hence in order to get the same you should consult an expert like Whizseed who can make your work easy and less expensive. We have a team of experts who are experienced in obtaining 12A and 80G registration, thus we can help you out with our best resources. Consequently you must choose Whizseed for the registration of 12A and 80G under the Income Tax Act.