80G for ngo consultancy and trust

80G - Income Tax Exemption 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 has certain provisions which offer tax benefits to the "donors". ngo amendment should avail the advantage of these provisions to attract potential donors. Section ngo consultancy is one of such sections.

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Every donation made to CRY is eligible to a 100% tax exemption under section 80GTo avail of the same you must specify at the time of making a donation that you wish to claim a 100% exemption.

ngo consultancy

1-      Donation must be paid in money and not in money’s worth: - the deduction is allowed if the donation is made in monetary terms it means either cash or cheque or demand draft. Deduction won’t be allowed if the payment is any kind of nature explained in 5 of section 80G of income tax.

2-      The donation may be paid either out of taxable or exempted income: - taxability of the source of the donation is not relevant.

1. Ensure that the fund /institution is approved by the Income tax department for deduction under this section. For check this, please ask for a photocopy of 80G eligibility certificate from the fund/institution.

As per clarification provided on Income Tax department website, deduction under Section 80G can be claimed through employer only in case of contribution to the institutions specified.

The NGO should not have any income which are not exempted, such as business income.

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.

Registration under section 80G of Income Tax Act provides benefit to NGOs. If NGO has 80G certificate with them, donor gets financial benefit in his/her taxable amount of their income. If an NGO gets itself registered under section 80G then the person or the organization making a donation to the NGO will get a deduction of 50% from his/its taxable income.