Registration of 80g

How to get 80g registration?

The Commissioner of Income Tax shall handle registration under this provision after receiving an application from the applicant in Form 10G. The following papers must be included with the application:-

(1) Registration Certificate

(2) MOA/Trust Deed

(3) A no-objection certificate from the owner of the property where the registered office is located.

(4) A copy of the trust's or institution's Pan card.

(5) A copy of an electricity bill, a receipt for real estate taxes, or a water bill.

(6) Documentation of welfare efforts.

(7) Progress Report over the past three years or since the NGO's founding.

(8) The balance sheet and statement of accounts for the three years prior to the foundation.

(9) Contributors' names, addresses, and PANs are listed.

(10) A list of the trustees of the governing body and their contact information.

(11) A copy of the notice sent in accordance with Section 10(23) or Section 10 or the registration obtained under Section 12A (23C).

12a registration is a boost for NGOs which can exempt their taxes.

Claim deductions under 80g - required documents

(1) In order to claim a deduction under section 80g, a stamped receipt is necessary. The beneficiary trust is required by law to issue the receipt. The invoice has to include:-

    (a) The trust's name, address, and PAN number, to which the contribution was made.

    (b) It is important to give the name of the do not.

    (c) Both words and numbers should be used to indicate the donation amount.

    (d) Donations that qualify for a 100% deduction – in that case, form 58 from the trust should be asked for:-

        (i) Form 58 contains information on both the permitted and collected amounts.

           (ii) The deductions made for 100% of claims will be disregarded if form 58 is not presented.

(2) Trust's 80g registration number

     (a) It is crucial to note the registration number provided by the income tax division in accordance with section 80g. The receipt should be printed with the registration number. The registration is only granted by the income tax department for a two-year term, thus the receipt should also include the registration number and the registration's expiration date.

           (i) As of the day the receipt is received, the registration should still be valid.

     (b) Along with the receipt, an 80g certificate photocopy is also required.

Payment Methods That Qualify for Tax Deduction

(a) Tax exemptions or other advantages are not available for donations given as gifts. Donations made in kind during a disaster—such as an earthquake or flood—will not provide you with tax advantages.

(c) To be free from taxes, gifts must be made in cash or by check.

(d) Donations may be deducted from pay, and a receipt for the donation should be sent in the employer's name. Employees will be able to request exclusions under section 80g as a result.

Registration of 80g is essential for NGOs for tapping funds.

Here is great info on 80g.