12a and 80g registration fees India
12A and 80G Registration Fees: A Guide to Understanding the Process
Introduction:
Non-profit organizations play a significant role in addressing social issues and working towards the betterment of society. To encourage such organizations, the Indian government has established different provisions and benefits, including the 12A and 80G registration. In this article, we will delve into the details of these registrations, their significance, and the associated fees.
Understanding 12A Registration:
The 12A registration is provided under the Income Tax Act, 1961, to exempt non-profit organizations from paying income tax. This exemption allows these organizations to utilize their funds for charitable and welfare activities. To avail this benefit, NGOs and other charitable entities must apply for 12A registration. However, it is important to note that this registration is not permanent, and organizations need to renew it every few years.
Process for Obtaining 12A Registration:
To obtain 12A registration, organizations must follow a set procedure. The first step is to ensure that the entity is registered under the appropriate legal structure, such as a trust, society, or section 8 company. Once this is in place, the organization can proceed with the application process.
The application for 12A registration must be submitted to the Commissioner of Income Tax or the Director of Income Tax (Exemptions) in the respective jurisdiction. The application should include specified documents like the organization’s trust deed, memorandum of association, by-laws, and audited financial statements. It is vital to provide accurate and up-to-date information to avoid any delays or rejections.
Registration Fees for 12A:
Now, let’s talk about the registration fees for 12A. Applying for this registration incurs a fee determined by the government. The exact amount varies based on the organization’s income and the location of the registered office. Typically, the fee can range from a few thousand to a few lakh rupees. This fee is payable at the time of applying for 12A registration and is non-refundable, even if the application is rejected.
Understanding 80G Registration:
Similar to 12A, the 80G registration is also provided under the Income Tax Act, 1961. However, it offers additional benefits to donors. When an organization is registered under 80G, it becomes eligible to issue tax receipts to donors, who can then claim tax deductions for their contributions. This incentivizes individuals and corporates to contribute towards charitable causes.
Process for Obtaining 80G Registration:
The process for obtaining 80G registration is akin to that of 12A. Organizations must submit an application to the respective Commissioner or Director of Income Tax (Exemptions) within the jurisdiction. The application must include all relevant documents, such as the organization’s registration certificate, audited financial statements, and PAN card.
Registration Fees for 80G:
Just like with 12A, obtaining 80G registration requires the payment of a registration fee. The fees may vary based on the organization’s income and location. The exact amount is determined by the government and ranges from a few thousand to a few lakh rupees. It is important to note that 80G registration is also not permanent, and organizations need to renew it periodically.
Conclusion:
In conclusion, the 12A and 80G registrations hold immense significance for non-profit organizations in India. These registrations provide exemptions and benefits that encourage donations and support towards charitable causes. However, it is important for organizations to fulfill the necessary criteria, submit accurate documentation, and pay the applicable fees to obtain and maintain these registrations. By understanding the procedures involved and the associated fees, NGOs and other charitable entities can navigate the process with clarity and efficiency, ultimately furthering their mission to bring positive change to society.,
12a and 80g registration fees India
For more information and knowledge, read our article:
https://qwikfilings.com/ngo-form-india/
https://qwikfilings.com/ngo-registration/
12a, 12a certificate, 80g certificate, 12a registration, 12a 80g registration, 80g registration, ngo, ngo near me, ngo registration, how to start an ngo in india, ngo registration process, ngo certificate, ngo registration online,
12a and 80g registration fees India
Looking for Professional & Legal Services, the vivist our visit our partner page to availa high quality services:
https://financebaazar.com/ngo-registration/
https://qwikfilings.com/ngo-registration/
https://indiacomply.com/ngo-registration/
https://companybazaar.com/ngo-registration/
12a and 80g registration fees India
This article is only published for informational purposes. Please consult your Chartered Accountant or Financial Advisor before making any important financial decisions.
The images displayed here have been generated using artificial intelligence and plugins and scripts and websites and applications. You may download and use these images for your personal projects at your own discretion.
QwikFilings.com is a reputed online portal for Indian SMEs to register, grow and manage their business ventures in India. We are a group of professionals working for startups. QwikFilings.com has been founded by expert Chartered Accountants and Advocates who have a rich experience of working with startups. QwikFilings.com provides all kinds of legal & professional services such as company registration, LLP registration, trademark search and trademark registration, copyright registration, patent application, income tax return ITR filing, GST Registration and GST Filing, ISO, FSSAI, IEC and many more services. Qwikfilings.com is registered with Startup India, DPIIT Certificate of Recognition. Please visit our website to learn more www.qwikfilings.com
