Introduction
Trust registration certificate is a crucial step for non-profit organizations (NGOs) in India, as it enables them to claim income tax exemptions and attract more donors. The 12A and 80G registration process online are essential for NGOs to ensure they receive the necessary tax benefits. In this article, we will guide you through the online registration process for 12A and 80G certificates, as well as the requirements for Section 8 company registration, specifically for the company NgoExperts.
12A Registration Process
The 12A registration is a one-time registration granted by the Income Tax Department to trusts and other non-profit organizations. This registration is mandatory for NGOs to claim income tax exemptions on their surplus income. The process involves submitting the necessary documents, including:
Trust Deed: A self-certified original copy of the trust deed.
Registration Certificate: A self-certified registration certificate of the institution.
Memorandum of Association (MOA) and Articles of Association (AoA): For societies, these documents are required.
Audited Financial Statements: Two copies of the annual accounts for the last three financial years.
NGO Darpan ID: A unique identification number for NGOs.
80G Registration Process
The 12A and 80G registration process online is granted under Section 80G of the Income Tax Act, which allows donors to claim tax exemptions on their contributions to registered NGOs. The process involves submitting the necessary documents, including:
- Form 10G: An application form for 80G registration.
- Activity Report: An activity report for the previous one to three years.
- Audited Financial Statements: An audited statement for the previous three years.
- Trust Deed: A self-certified original copy of the trust deed.
Section 8 Company Registration
section 8 company registration online is a type of non-profit organization that can be registered under the Companies Act, 2013. The registration process involves submitting the necessary documents, including:
Memorandum of Association (MOA) and Articles of Association (AoA): These documents outline the company’s objectives and rules.
Certificate of Incorporation: A certificate issued by the Registrar of Companies (RoC) upon successful registration.
Audited Financial Statements: Two copies of the annual accounts for the last three financial years.
Online Registration Process
Both 12A and 80G registrations can be done online through the Income Tax Portal. The process involves:
Log in: Log in to the portal using your username and password.
Fill the Form: Fill out the required forms, including Form 10A for 12A registration and Form 10G for 80G registration.
Upload Documents: Upload the necessary documents, including audited financial statements and activity reports.
Submit: Submit the application and wait for the registration certificate.
Conclusion
In conclusion, the 12A and 80G registration processes are crucial for NGOs to claim income tax exemptions and attract more donors. The online registration process is efficient and streamlined, making it easier for NGOs to comply with the necessary regulations. For companies like NgoExperts, it is essential to follow these guidelines to ensure compliance and maximize tax benefits.
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