Title: All About 12A Registration in India
1(No Transcript)
2ALL ABOUT 12A REGISTRATION IN INDIA
Are you running a trust or non-profit
organizations in India? Do you have your 12A
certificate? If you dont 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.
3BENEFITS OF 12A REGISTRATION IN INDIA
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.
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.
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.
4APPLICABILITY OF GETTING 12A REGISTRATION IN INDIA
You can get the 12A registration for your
non-profit organization only if-
- You dont 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
5STEP 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.
6DOCUMENTS 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
7FINAL 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!
8CONTACT US
91 9267941961
info_at_legalpillers.com
www.legalpillers.com
123 Anywhere St., Any CityLegal Pillers C-49,
near Bikaner, East Krishna Nagar, Krishna
Nagar, Delhi, 110051