There is ceiling limit upto which the benefit is allowable to the donor.
For approval under section 80G the following conditions are to be fulfilled :
For approval under section 80G the following conditions are to be fulfilled :
The application form should be sent in triplicate to the Commissioner of Income Tax alongwith the following documents :
i) copy of income tax registration certificate.
ii) detail of activities since its inception or last three years whichever is less
iii) copies of audited accounts of the institution/NGO since its inception or last 3 years whichever is less.
If an NGO gets itself registered under section 80G then the person or the organisation making a donation to the NGO will get a deduction of 50% from his/its taxable income. The NGO has to apply in Form No. 10G As per Annexure-29 to the Commissioner of Income Tax for such registration. Normally this approval is granted for 2-3 years.
If an NGO gets itself registered under section 80G then the person or the organisation making a donation to the NGO will get a deduction of 50% from his/its taxable income. The NGO has to apply in Form No. 10G As per Annexure-29 to the Commissioner of Income Tax for such registration. Normally this approval is granted for 2-3 years.
Exemption under section 80G of the Income Tax Act, 1961
Exemption under section 80G of the Income Tax Act, 1961