80g | 12a

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.

INTRODUCTION

INTRODUCTION

Section 80G of the  Act of 1961 provide tax relief to the Citizens of India on the amounts donated as contributions to Approved Charitable Organizations.

The new financial year has just started. All the Salaried employees among us would be busy submitting investment declarations or proposed investments to their respective employers to avail tax exemptions.

12A. 3[ Conditions as to registration of trusts, etc. The provisions of section 11 and section 12 shall not apply in relation to the income of any trust or institution unless the following conditions are fulfilled, namely:-

35 ac approval helps the nonprofit ngo organisation, to encourage their donors towards fundraising for their specific approved social welfare projects and ngo issues donation certificate for tax exemption.