80G Registration – An Overview
Non-governmental organisations (NGOs) - trust, society or Section 8 Company run on funds received through different sources of donations. All NGOs are eligible to apply for 80G certification. 80G registration falls under the purview of section 80G of the Income Tax Act of 1961. It benefits the donors in part or full by exempting them from paying taxes on their donations made to a registered NGO.
What are the Requirements for 12A and 80G Registration?
The requirements for 12A and 80G Registration are:
80G & 12A Registration Process
Step 1. Ready your documents
Step 2. File the Application
Step 3. Assesment of Application
Step 4. 80G & 12A Granted
Who is Eligible for Tax Savings under 80G?
What are the Documents Required for 80G Registration?
Here is a checklist of documents required for 80G registration:
What is the Procedure for 80G Registration?
Below is the step-by-step guide for 80G Registration:
What are the Benefits of 80G Registration?
The benefits of 80G registration for NGOs are:
12A Registration – An Overview
All non-governmental organisations (NGOs) are engaged in social endeavours through charity work. While they run their daily operations through donations, they do sometimes earn income as per the law. However, NGOs that are not registered under Section 12A of the Income Tax Act of 1961 have to pay taxes. But NGOs with 12A registration are exempt from paying taxes on their income.
What are the Documents Required for 12A Registration?
Here is a checklist of documents required for 12A registration:
What Is the Procedure for 12A Registration?
Here is a checklist of documents required for 12A registration:
What are the Benefits of 12A Registration?
Benefits of 12A registration for NGOs are:
Recent Update
As per the recent notification, all existing NGOs registered under Section 80G and 12A now have to re-register themselves under section 80G and 12AA to avail tax exemptions. NGOs wanting to avail CSR Funding will now have to register Form CSR-1.
Recently Introduced Terms for Registration and Re-Registration under section 80g and 12A
The Re-Authorization Process – Timeline
Highlights of the re-authorization process:
Documents required for Re-Authorization
Here is a checklist of documents required for re-authorization:
80G and 12A Registration Fee
Timeline for 80G and 12A Registration
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Frequently Asked Questions
12A and 80G are two different kinds of registrations granted by the Income Tax department to NGOs working for charitable causes. These registrations help them avail tax benefits for their organisation as well as the donors.
12A specifies that all NGOs registered u/s 12A can avail tax exemptions on the donations received.
Section 80G benefits the donors donating to the NGO registered u/s 80G and they can avail tax deductions on the donated amount.
Yes, you can apply for 12A and 80G online through Corpbiz. Submission of the required documents is a must to proceed with the application.
Yes, unlike previously, 12A and 80G registrations now come with a validity. Provisional registration validity stands at 3 years. Validity for re-validation is 5 years. Earlier, 12A and 80G were valid for lifetime.
Donors can now avail 50% to 100% tax exemptions on the donations made to registered NGOs.
The eligibility criteria to register for 12A and 80G are:
Yes, an NGO can apply for both 12A and 80G applications together. However, the application for 12A will be considered first if the entity choses to apply both together.