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Every Non-Government Organisation(NGO), can apply for registration under Section 12A if it wants to get an exemption from income tax. Without the 12A certificate, the receipts of the NGO will be entitled to normal tax rates. On the other hand, a registration under section 80G of the Income Tax Act provides tax benefits (80G deduction) to all assessees who pays any sum as a donation to eligible funds or institution.
NGOs can apply for both the 12A certificate and registration under section 80G together or separately. If you wish to apply for them separately, you must apply first for 12A registration. As per the Income Tax Act, 1961, 12A registration is a must if you want to apply for registration under section 80G of the Income-tax Act.
NGO will specifically be recognised by law as a charitable trust
The income of the NGO shall be exempt from taxes.
It can avail benefits by subsidies from any Government agencies.
It can avail exemptions from Goods and Service tax for some specific supplies.
Further, it can avail benefits of the FCRA Registration.
It Provides deductions from gross total income to all assessees who pays any sum as a donation
It Encourages People to donate to NGOs because it provides tax benefits to the assessees
The below-mentioned documents are required for 80G and 12A registration for an NGO:
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