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12a and 80 Registration

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12a and 80 Registration

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  1. 12a and 80G Registration

  2. Table of contents 01 12a and 80g Registration? 02 Benefits of 12a and 80g 03 Documents Required For 12a and 80g Registration 04 Process Of 12a and 80g Registration

  3. 01 12a and 80g Registration?

  4. 12a and 80g Registration 12A and 80G registration refer to the process of obtaining specific certifications in India for tax exemptions and benefits for charitable organizations. The 12A registration provides exemption from income tax for organizations engaged in charitable activities, while the 80G registration allows donors to claim deductions on their taxable income for donations made to these organizations. Online registration for these certifications involves visiting the official website of the concerned authority, creating an account, filling out an application form with organizational details and financial information, uploading supporting documents, paying the required fee, and submitting the application online. Upon approval, organizations receive the 12A and 80G certificates, enabling them to avail tax benefits and donors to claim deductions.

  5. 02 Benefits of 12a and 80 Registration

  6. Benefits of 12a and 80g Registration • 12A registration provides tax exemption on surplus income for charitable organizations. • 80G registration allows donors to claim deductions on their taxable income for donations made to registered organizations. • Enhances credibility and trustworthiness of the organization among donors and stakeholders. • Access to a wider pool of potential donors who prefer supporting registered organizations. • Increased financial sustainability through tax benefits, enabling organizations to allocate more resources to their charitable activities. • Facilitates partnerships and collaborations with other registered entities for joint initiatives and fundraising campaigns. • Enhances eligibility for grants, funding opportunities, and government schemes that prioritize registered organizations. • Demonstrates compliance with legal and regulatory requirements, ensuring transparency and accountability. • Encourages regular financial audits and reporting, promoting good governance practices. • Provides a competitive advantage in the nonprofit sector, attracting talent and volunteers passionate about supporting registered organizations.

  7. 02 Documents Required for 12a and 80G

  8. Documents Required For 12a and 80g Registration • Registration certificate: Copy of the certificate of registration of the organization, such as the Trust Deed, Memorandum of Association (MOA), or Society Registration Certificate. • PAN card: Copy of the Permanent Account Number (PAN) card of the organization. • Address proof: Copies of documents establishing the address of the organization, such as electricity bill, telephone bill, or rent agreement. • Audit reports: Copies of audited financial statements for the last three years, including the Balance Sheet, Income Statement, and Audit Report. • Activities report: A detailed report on the activities carried out by the organization in the past years, highlighting the charitable objectives and impact. • Board members' details: List of board members, trustees, and key personnel, along with their contact information and identification proof. • Trust deed or constitution: Copy of the trust deed or constitution document of the organization, outlining the objectives, rules, and regulations. • Demonstrates compliance with legal and regulatory requirements, ensuring transparency and accountability. • Bank account details: Copy of the organization's bank account statement for the last six months. • Power of Attorney (if applicable): If any authorized person is signing the application on behalf of the organization, a copy of the power of attorney document should be provided.

  9. 03 Process of 12 and 80g Registration

  10. Process of 12a and 80g Registration Application Preparation: • Research the eligibility criteria and requirements for 12A and 80G registration. • Gather and prepare the necessary documents, such as the registration certificate, PAN card, address proof, audited financial statements, activities report, board members' details, trust deed or constitution, bank account details, and power of attorney if applicable. • Obtain the application forms for 12A and 80G registration from the concerned authority. Application Submission: • Fill out the application forms accurately and completely, providing all the required information about the organization, its objectives, financial details, and other relevant information. • Compile the completed application forms along with the supporting documents. Verification and Issuance: • The authority will verify the application and conduct a scrutiny process, which may involve document review, financial audits, and site visits. • Respond promptly to any requests for additional information or clarifications from the authority. • Once the application is approved, the authority will issue the 12A and 80G registration certificates,

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