Friday, August 23, 2013

80g registration

What is income tax :-

A pay expense is an assessment on distinct income (salary) that is paid to the national government. The term additionally applies to the same sort of duty paid to city, state or neighborhood governments, and is sometimes used as a part of reference to corporate benefits.
Pay tariff might be accelerating, relative, or backward. The point when the duty is on the pay of organizations, it is regularly called a corporate assessment, corporate salary charge, or benefit charge. Different frameworks outline salary distinctively and regularly permit notional diminishes of earnings.

Who pays income tax :-

Under the Income Tax Act, pay charge is payable by each assessed at the rates settled by the Finance Act each year. An "Assessed" implies an individual by whom any assessment  (i.e. punishment or investment) is payable under the Act. It incorporates :-

1. Each individual in appreciation of whom any progressing under this Act has been taken for the evaluation of his salary or of the wages of any viable individual in admiration of whom he is assessable, or of the misfortune maintained by him or by such other individual, or of the measure of discount because of him or to such other individual.

2. Each individual who  regarded an assessed under any procurement of this Act;

3. Each individual who regarded an assessed in default under any procurement of this Act.

The expression "individual" under the Act incorporates:-

An Individual
A Hindu Undivided Family(huff)
A Company
A Firm
An Association of Persons (AOP) or a Body of Individuals (BOI), if joined or not.
A Local Authority
Simulated juridical persons

Types of ngo :-

The Ngo is grouped into different sorts on the groundwork of diverse variables like introduction or level of collaboration.

NGO sort by introduction might be aggregated into charitable introduction; Service introduction; Participatory introduction; and Empowering introduction.

Sorts of NGO by level of co-operation might be aggregated into Community-Based Organization; City Wide Organization; National Ngo; and International Ngo;

The Ngo are classified into following three types :-

Trust  registered under Indian Trust Act 1882.
Society  registered under Indian Societies Act 1860.
Section 25 Companies Act.

Requirement of ngo :-

Trust Registration takes 15 days time, Society 1-1.5 months and Section 25 takes almost 6 months. Section 25 Company Act is very tough to form. So people generally form Trust or Society. In Trust formation, requirement of at least 3 members is compulsory. We can keep family members in a Trust. Whereas in Society, minimum eight members required. Society is difficult to handle as all eight members  are should be from different states and there cannot be family members in a Society for a National Level Ngo.

The documents required for NGO registration in Delhi are :-

1. One member from Delhi.
2. Address proofs of all the members.
3. Aadhar card Photostat of all the members
4. Electricity or Water Bill of the office address

The Non-administrative conglomeration structures a heterogeneous bunch and it has a long rundown of conglomeration working in distinctive ranges with differed extent of work.
Non-legislative conglomeration are the most recognized  not-for benefit bunches or cooperation, if nearby or global, acting outside political foundations. They seek after the investment of one or more assemblies through campaigning or immediate activity. This segment  is general apparatus for all Ngo whose work relates to biodiversity.

We outfit qualified information and master conference on key parts of government approach drives for development through the going hand in hand with instruments, to help aggregations and NGO's incorporated in distinctive change practices and invigorate the endeavors. We provide consultancy services in the fields of : 

Cooperative Society
Non-Government Organization
NGO Consultancy
Enlistment of NGO
NGO Registration
Enrollment of Muslim NGO
Muslim NGO Registration
Enrollment of Society
Enrollment of Cooperative Society
Enrollment of Non-Profit Society
Enrollment of Non-Profit NGO
Enrollment of Non-Profit Company
12 A Certificate
Assertion of 35 AC
Assertion of 35 (1&2)
FCRA: Permanent, Prior Permission and Amendments
Remote Contribution Regulation Act
Wander Reports, Funds.

What is 80G : -

A NGO can profit salary impose exception by getting itself enrolled and consenting to certain different conventions, yet such enrollment does not give any profit to the persons making gifts. The Income Tax Act 1961 has certain procurements which offer tax cuts to the "benefactors". All might as well profit the playing point of these procurements to draw in potential contributors. Segment 80g is one of such areas. In the event that gets itself enrolled under segment 80g then the individual or the organization making a gift to the NGO will get a derivation of 50% from his/its assessable salary. Assuming that a NGO gets enrolled under 12a and 80g, then just it is pertinent for any administration financing. A recently enrolled NGO can likewise seek 80g enlistment. The accompanying archives  needed for 80g enlistment.

•           Copy of Registration certificate of the NGO and its bye-laws
•           Copies of Detail of activities since its inception or last three years whichever is less
•           Copies of audited accounts of the institution/NGO since its inception or last 3 years whichever is less.
•           Copy of Pan Card
•           Details of the members of the NGO

Benefits of 80g : -

Section 12a and 80g is of a great relief. Ngos do not have to pay tax for the entire lifetime if it gets registered under section 12a. Besides, the corporate and the ministries prefer to give donations to those who are having 12a and 80g registration. By doing such, their taxes are deducted by 50% of the donation given.

Today in this growing IT world, the website of a NGO is essential which speaks about the NGO profile, activates, their members, its history, address and the social work done by it. They should maintain their balance sheets, annual reports, accounts, records, bills, vouchers, photographs for proof of their social activities. This is of a real great help especially during the investigation by the IB officers during FCRA Registration or verification by the government officials applicable for government funding or any corporate officials applicable for corporate social responsibility funding.

Non-Government Organization 
Enrollment of NGO 
NGO Registration 
Enlistment of Muslim NGO 
Muslim NGO Registration 
Enlistment of Society 
Enlistment of Cooperative Society 
Enlistment of Non-Profit Society 
Enlistment of Non-Profit NGO 
Enlistment of Non-Profit Company 
12 A Certificate 
80 G Certificate 
Declaration of 35 AC 
Declaration of 35 (1&2) 
FCRA: Permanent, Prior Permission and Amendments 
Remote Contribution Regulation Act 
Venture Reports, Funds. at 80g at 12a at 80g exemption at registration of 80g at 80g registration at 12a registration at tax exemptions at 12a registration in delhi at tax exemption in delhi at 12a registration in india at 80g exemption in india at 12a registration in india at tax exemption under 12a in delhi at 12a registration in delhi


  1. Trust Registration moves along at a comfortable pace, Society 1-1.5 months and Section 25 takes very nearly 6 months. Segment 25 Company Act is exceptionally hard to shape. So individuals ordinarily structure Trust or Society. In Trust arrangement, prerequisite of no less than 3 parts is obligatory. We can keep relatives in a Trust. Although in Society, least eight parts needed. Social order is challenging to handle as every one of the eight parts are ought to be from diverse states and there can't be relatives in a Society for a National Level Ngo.

  2. The Non-authoritative aggregation structure a heterogeneous pack and it has a long rundown of 80g combination working in notable extends with contrasted degree of work.

    Non-authoritative mixture are the most distinguished not for profit clusters or collaboration, if close-by or worldwide, acting outside political establishments. They look for after the speculation of one or more congregations through fighting or instantaneous movement. This portion is general mechanical assembly for all Ngo whose work identifies with biodiversity.

  3. Consultancy was organized to help the entire arrangement of Ngos existing in India and is the primary consultancy outfitting some Organizations consolidating 12a and 80g registration , fcra enrollment, ngo Enlistment, possession report, yearly report and site headway.
    In order to attract contributions to certain charitable funds and organizations established by the government it offers tax exemption on amounts you donate to them. These are covered under section 80G.

  4. The accommodation is provided by the employer in a hotel (except where the assessed is provided such accommodation for a period not exceeding in aggregate fifteen days on his transfer from one place to another), the value of the accommodation determined at the rate of twenty-four per cent of salary paid or payable for the previous year or the actual charges paid or payable to such hotel, whichever is lower, for the period during which such accommodation is provided, exceeds the rent recoverable from, or payable by, the assessed in tax exemption under 80g.

  5. "overseas financial organisation" means any fund, institution, association or body, whether incorporated or not, established under the laws of a country outside India, which has entered into an arrangement for investment in India with any public sector bank or public financial institution or a mutual fund specified tax exemption under 80g .Such arrangement is approved by the tax exemption and Exchange Board of India, established under the Securities and Exchange Board of India.

  6. In the case of an assessee being a non-resident Indian, any long-term capital gains arise from the transfer of a foreign exchange asset and the assessee has, within a period of six months after the date of such transfer, invested the whole or any part of the net consideration in any specified asset, or in any savings certificates referred to registration of 80g.