80g | 12a

Introduction

Introduction

Section 12A and Section 80g

An NGO can avail income tax exemption by getting itself registered and complying with certain other formalities, but such registration does not provide any benefit to the persons making donations. The Income Tax Act 1961 has certain provisions which offer tax benefits to the "donors". All NGO's should avail the advantage of these provisions to attract potential donors. Section 80G is one of such sections.

Introduction:-

Introduction

Trust registration 2 types in ngo’s  

A Trust can either be a private trust or an open beneficent trust. Private trusts are represented by the Indian Trusts Act (1882) and are utilized for private purposes, for example, running a private bequest or establishment.

Societies Registration Act, 1860 is a central act for registering not-for-profit organizations. Almost all the states in India have adopted (with modifications, if any) the central Act for creating state level authorities for registering various types of not-for-profit entities.. According to the act any seven persons who subscribe to the Memorandum of Association (MOA) can register a society.