Procedure

80g registration, 80g registration in Rohtas, 80g registration in Rohtas, 80g registration in Rohtas

If a 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.
Earlier registration under 80G was given as one-time registration unless any specific restrictions are provided in the registration certificate itself but Finance Act 2020 has made some substantial changes in registration process and period for which approval will be given.

Who can avail tax savings under 80G?

A person who makes donation is entitled to avail tax exemption under 80 G.

Donations made to listed trust and organizations only get qualified for deduction u/s 80G

What are benefits of 80G Registration?

The donor avails exemption/deduction from its taxable income

It attracts donors to make donation to NGO

When application for 80G registration can be made?

Application for getting 80G Registration can be made after getting registration under 12A registration

Application for getting 12A registration can be made just after registration of NGO

ELIGIBILITY for 80G Registration

Charitable trust, religious trusts, societies and section 8 companies are eligible

Private or family trust or NGO are not eligible

NGO has to make application to commissioner of Income tax along with all required documents

On receipt of documents, the commissioner may ask for additional set of documents

On satisfaction of all information mentioned in application, the commissioner will pass an order in writing registering NGO under section 80G of Income Tax act, 1963.

The registration process may take time upto 3 to 4 months.

An application for fresh registration under section 80G are going to be given to Principal Commissioner or Commissioner. A provisional registration for 3 years are going to be given to organisations. The registration once granted shall be valid for 3 years from the Assessment Year from which the registration is sought. Application for renewal of such new registration must be submitted

– a minimum of six months before the expiry of validity period or
– within 6 months from commencement if activities,
whichever is earlier.

The provisional registration so granted shall be valid for a period of three years and hence must be renewed at the top of the above mentioned timelines. The registration so renewed shall be valid just for 5 years and wishes to be renewed at the top of every 5 years.

Existing Registration- Validation & Re-approvals

Earlier the approval u/s 80G was valid for perpetuity. The Finance Act 2020 provides that each one the prevailing 80G approvals must be revalidated and therefore the application for an equivalent should be submitted within three months from 1st April 2021 i.e. on or before 30th June, 2021. As per amended provisions, the revalidation of registrations are going to be valid for a period of 5 years and thereafter approval for 80G has got to be again applied for a minimum of 6 months before the expiry of the registration.

Who cannot avail tax savings under section 80G?

If a donation is formed to a far off trust you can’t qualify for tax savings under section 80G.

If donations are made too one or more political parties you can’t avail or claim deduction for such donations.

Deductions can’t be claimed even for printing or publishing of brochures, flyers and pamphlets

Donations by NRI if made to eligible institutions and trusts also qualify for tax exemption under section 80G.

If donation is formed from salary and if the donation receipt carries the name of the employer then employees can claim deduction under section 80G

Percentage of Deduction under Section 80G

Payments made to Prime minister relief fund is eligible for 100% deduction u/s 80G with none limit

Deductions made to trusts like “Indira Gandhi memorial trust” is eligible for 50% deduction with none limit.

An approved institution i.e. institutions promoting and inspiring birth control is eligible for 100% exemption u/s 80G

Any public trust that falls under the list is eligible for 50% deduction u/s 80G.

Get12A Registration in Rohtas

We are one of the best consultant for 12A registration in Rohtas. NGO, Trust, Society, and Section 8 Company enjoys exemption under 12A Registration from tax on their surplus income over expenditure. 12A Section of Income tax gives exemption to non profit earning organisation on excess income earned over their expenditure. Non Governmental Organisation does social welfare activites, thus government grants them certain benefits. 12A Registration is one of them. Any NGO working for non profit can make application for getting income tax exemption by making an application under 12A section of Income Tax Act, 1961.

12A Registration is one time exemption give to NGOs from payment of income tax on surplus income. By surplus income, we mean whatever is left over after meeting all expenses. Many of us are aware, government has given some benefits to NGOs. And 12A exemption is one of them. A NGO can apply for getting 12A registration just after its incorporation/registration.

New Registration (As amended by Finance Act, 2020)

An application for fresh registration under section 12A will be given to Principal Commissioner or Commissioner, as per provisions of section 12AB. A provisional registration for 3 years will be given to organization. The registration once granted shall be valid for 3 years from the Assessment Year from which the registration is sought. Application for renewal of such new registration needs to be submitted
– at least six months prior to the expiry of validity period or
– within 6 months from commencement if activities,
whichever is earlier.

The provisional registration so granted shall be valid for a period of 3 years and hence needs to be renewed at the end of the above mentioned timelines. The registration so renewed shall be valid only for 5 years and needs to be renewed at the end of each 5 years.

Important Note: In cases of new registration, application shall be submitted, at least one month prior to the commencement of the previous year relevant to the assessment year for which registration is sought, meaning thereby new NGO will not be entitled to have the benefit of registration of section 12AB in the first year of operation.

Documents required for 12A Registration:

Certified copy of Trust deed, Registration Certificate, Bye Laws of NGO
Self Attested copy of Pan Card and Aadhaar Card of Members of NGO
Certified copy of annual reports of NGO of last 2 years
Certified copy of Income tax return of NGO of last 2 years
Copy of Electricity Bill and Rent Agreement of office
Photograph of Office Building

Process to get 12A Registration

Application has to be made alongwith all documents
Challan has to be paid
After acceptance of documents, on premise inspection is made
After inspection, interview of members of NGO is conducted
On sucessful interview, 12A registration certificate is issued`

New Registration (As altered by Finance Act, 2020)

12A Registration in Rohtas ,12A Registration consultant in Rohtas

An application for new registration under segment 12A will be given to Principal Commissioner or Commissioner, according to arrangements of area 12AB. A temporary enlistment for a very long time will be given to associations. The enlistment once conceded will be legitimate for a long time from the Assessment Year from which the enrollment is looked for. Application for reestablishment of such new enrollment should be submitted

– something like a half year preceding the expiry of legitimacy period or

– inside a half year from initiation if exercises,

whichever is prior.

The temporary enlistment so conceded will be legitimate for a time of 3 years and consequently should be recharged toward the finish of the previously mentioned courses of events. The enlistment so restored will be legitimate just for a very long time and should be recharged toward the finish of every 5 years.

Significant Note: In instances of new enlistment, application will be submitted, something like one month before the beginning of the earlier year pertinent to the appraisal year for which enrollment is looked for, which means in this way new NGO won’t be qualified for have the advantage of enrollment of segment 12AB in the principal year of activity.

Migration of existing enrollments (As corrected by Finance Act, 2020)

All enrolled NGOs are needed to apply for re-approval in Form No. 10A, inside 90 days from first April 2021. Enlistment so re-approved will be legitimate just for a very long time. The application for the recharging of enlistment (following five years) should be submitted something like a half year preceding the expiry of legitimacy period. The restoration application will be submitted in the Form No. 10AB.

Prior enlistment under 12A was given as once enrollment and when the enlistment is conceded it will hold great till crossing out. From first April 2021, all new enrollment will be allowed for a very long time in particular and association needs to apply for recharging after every 5 years.