80G Registration
80G Registration
As per Finance Act 2020, it is mandatory for Charitable/ Religious / Educational Institute / Trusts/ NGO/ to re-register/ re-approval .
It has been made effective from 1st April 2021 by CBDT vide its notification number 19/2021 dated 26th March 2021.
It is an Income tax exemption certificate which benefits NGO and Donors both.
Major changes that have taken Place as per Finance Bill 2020.
- > A new section 12AB replaces the existing section 12AA.
- > The process of registration and approval of NGO would be made completely electronic.
- > Under this new scheme , the Registration would be granted for a period of 5 years and as a result, Registration will have to renewed every 5 years.
- > Provisional Registration will be granted for 3 years to the charitable institutions which are yet to start their activities.
There are Two forms –
(1)10A form
Form 10A is used for Provisional Registration of 12AB and 80G
( ii) Form 10AB
- > Conversion of Provisional Registration into Regular Registration
- > Renewal of Registration after 5 years
- > Activating inoperative registration due to approval under section 10(23C)/ 10(46)
- > Re-registration for modification of objects for entities registered under section 12AB.
Benefits of 80G registration
- > Donor will get benefits of deduction of 50% from income
- > Help to raise to donations
- > Apply to projects under CSR
- > Other benefits .
Requirements of Documents
In case of Section 8 NGO
- > Certificate of Incorporation, MOA, AOA, Company Pan card , Email id
- > Directors KYC
- > Annual Accounts if available
- > Digital signature of One Directors
- > Others
In case of Trust
- > Trust Deed, Trust Pan card, Trust Email id
- > Members KYC
- > Annual Accounts if available
- > Others
In case of Society
- > Registration Certificate, Bye Laws, Society Pan card
- > List of Governing Body and KYC
- > Annual accounts
- > Others
For more Information, please feel free to contact whatsapp or request to call back
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