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All About 12A Registration in India

Are you running a trust or non-profit organizations in India? Do you have your 12A certificate? If you donu2019t have a 12A registration then unfortunately you missed the numerous benefits that you get with a 12A registration. If you are running an NGO then you should obtain the 12A registration in order to get benefit of the tax exemptions on the income that you earn from grants, donations, and other forms of unconditional contributions. This provision has been available under section 12A of the Income Tax Act, 1961 specifically for organizations involved in Charitable, religious, or educational

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All About 12A Registration in India

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  1. ALL ABOUT 12A REGISTRATION IN INDIA Are you running a trust or non-profit organizations in India? Do you have your 12A certificate? If you don’t have a 12A registration then unfortunately you missed the numerous benefits that you get with a 12A registration. If you are running an NGO then you should obtain the 12A registration in order to get benefit of the tax exemptions on the income that you earn from grants, donations, and other forms of unconditional contributions. This provision has been available under section 12A of the Income Tax Act, 1961 specifically for organizations involved in Charitable, religious, or educational activities. Here, in this article we will discuss about everything related to 12A registration in India.

  2. BENEFITS OF 12A REGISTRATION IN INDIA • Government Grants Non-Profit organizations that have been registered under 12A are eligible to apply for the numerous schemes & grants provided by Government to fund their projects. • Tax Exemption The non-profit organizations having registration under 12A can enjoy the tax exemption benefits. You can get tax exemptions on income earned by your organization from grants, donations & other contributions. • Credibility If you have 12A Registration, it will enhance the credibility of your organization by showing transparency & legal compliance and also help in gaining trust from both donors & regulatory bodies.

  3. APPLICABILITY OF GETTING 12A REGISTRATION IN INDIA You can get the 12A registration for your non-profit organization only if- • You don’t earn money from any business • Your organization is a charitable trust or society • You maintain a daily book of expenses & receipts. • You are not using money or assets for other than charitable purposes • Members of your organizations should not have unjust profit from the funds • If your organization should not work for any particular caste or religious group • If the donations made to your organizations have not been used for business purposes

  4. STEP 1 First of all, you need to submit the application along with form 10A on the website of Income Tax. PROCESS OF 12A REGISTRATION IN INDIA STEP 2 After submitting application, the IT commissioner will verify the documents & genuineness of activities of your organization, NGO, or trust. You can get the 12A registration for your non-profit organizations or trusts in just three steps which are as given below- STEP 3 After the successful verification, you will get the order of the approval of your 12A Registration by Income Tax Department.

  5. DOCUMENTS REQUIRED FOR 12A REGISTRATION IN INDIA THE ESSENTIAL DOCUMENTS REQUIRED FOR A SUCCESSFUL REGISTRATION UNDER SECTION 12A OF INCOME TAX ACT ARE AS FOLLOW- • TRUST DEED OR BYE LAWS (IN CASE OF TRUST) • CERTIFICATE OF INCORPORATION & MOA (IN CASE OF SECTION 8 COMPANY) • AUDITED FINANCIAL STATEMENTS, IF APPLICABLE  • ARTICLE OF ASSOCIATION • PAN CARD OF THE ORGANIZATION • DETAILS OF DONATIONS, IF ANY • DETAILS OF TRUSTEES • BANK ACCOUNT STATEMENTS

  6. FINAL WORDS It is essential for a non-profit organization to get the 12A Registration. You can enjoy the various tax benefits by obtaining 12A certificate. It will also help in building trust among donors as well as regulatory bodies. For a successful registration you can get the expert assistance of professionals like Legal Pillers. We have a dedicated team of experienced professionals who will help in simplifying the process. So what are you waiting for? Contact us now!

  7. CONTACT US +91 9267941961 info@legalpillers.com www.legalpillers.com 123 Anywhere St., Any CityLegal Pillers C-49, near Bikaner, East Krishna Nagar, Krishna Nagar, Delhi, 110051

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