- START A BUSINESS
- MANDATORY REGISTRATION
- NEED BASED REGISTRATIONS & LICENSES
- INCOME TAX & GST
- TRADEMARK / PATENT
80G certification is beneficial for an entity to get an exclusion from income tax payment. A charitable trust or non-profit organization registered under section 12A then it can get tax rebate under section 80G. For instance, if you have given charity to charitable organizations, then you can get a certain amount of rebate from taxes. However, there is also a maximum permissible limit for tax exemption. The basis of the maximum tax rebate is the average of the amount you donate surpass 10 percent of the total gross revenue then the additional income will not be eligible for the tax rebate.
An NGO or Trust which is registered under 80G can avail government funding easily.
NGO which have 80G registration can get the tax exemption benefits for the lifetime.
NGO or Trust that is registered under 80G can attract investors for raising funds. Moreover, it will be beneficial for a person or organization that is donating money to such NGOs because it can benefit them 50% rebate in taxable income.
NGO under 80G Registration can get the Income Tax rebate
Donations given to the registered organizations only qualify for tax rebate under section 80G.
An individual who give donations that are allowed to get the tax rebate under 80 G
In case the donation is done from salary but the donation receipt has the name of the company owner then the employee can apply for tax exemption under section 80G.
Donations made by Foreigners or NRI to the eligible organization and trust also eligible for a tax rebate as per 80G section
If a donation is made to a foreign trust you cannot qualify for tax savings under section 80G. In case a donation is given to the foreign firm or entity then you cannot be eligible for tax rebate benefits under section 80G.
If donations are given to any political parties and institutions then the respective trust or firm cannot apply for tax benefits. The tax rebate also cannot be claimed for posting and printing of pamphlets, flyers, and brochures.
The beneficiary or entity of the 80G certificate must abide the compliance with the following requirements:
The application should only submit by an authorized educational institute, government-funded institution, public charitable organization, and registered society.
The trust/institution applying for the certificate must be duly registered under The entity/Trust/ Institution applying for the 80G certificate mandatorily need to be incorporated under the Societies Registration Act, 1860; or Section 25 of the Companies Act; or any other subsequent Acts.
The applicant or entity of the certificate must not involve in caste, race, and religion-based discrimination activities.
The applicant trust or charitable organization needs to use the donated amount for philanthropy activities.
The authorized trust or organization should not carry any amount that is not exempted.
Trusts/ Institutions performing any other commercial activities are needed to preserve a separate account so that the donations are not mixed with the amount from other sources.
The applicant should have maintained the appropriate annual returns, accounting, and bookkeeping before applying for the certificate.
The trusts or institution must preserve the accurate annual ITR, bookkeeping and accounting records prior to requesting for the 80G certificate
The applicant of the certificate needs to make sure the well-timed certificate renewals hence to get the required tax exemption.
We at Valcus Pvt Ltd have an organized process to complete the 80G registration process. Let's know how we process the 80G registration application. Valcus Pvt. Ltd can help you hassle-free solutions with registration procedure after submitting the mandatory documents. Communicate with our consultant today and get your work done effectively.
Communicate with our experienced team in order to discuss specific registration needs. You can connect us via +91 9999761122, 011-25394965 or you can drop your requirements in our mail at [email protected]
After discussing the requirements, we will allocate a dedicated account manager to the customers to assist you in a different way. The manager will thoroughly go through your requirements, understand your nature of business and deliver the best possible solutions along with helping in the whole procedure
Customers can keep tracking the development of the application process. They will easily know how far work has done, what is left to do, and how much time it will take to complete.
After finishing the assigned job, you will get the registration certificate directly to your email address and at your correspondence address within the given deadline.