Section 80G Registration
Section 80G registration is a provision in the Income Tax Act, 1961, that allows donors to claim tax deductions for donations made to certain charitable organizations. The registration is required for an organization to be eligible to receive donations under Section 80G.
The process for Section 80G registration involves the following steps:
Formulation of Trust/NGO: The first step is to create a Trust or an NGO with charitable objectives. The organization must be registered under the relevant laws, such as the Indian Trusts Act, 1882, or the Societies Registration Act, 1860.
Apply for 12A registration: The organization must first obtain 12A registration from the Income Tax Department. This registration is a prerequisite for applying for 80G registration.
Documents Required: The documents required for 80G registration application include:
- PAN card and address proof of the Trust/NGO
- Trust Deed or Memorandum of Association (MoA) and Articles of Association (AoA)
- Registration certificate of the Trust/NGO
- Copies of audited financial statements for the last three years
- Details of activities carried out by the Trust/NGO and their impact
- List of office bearers and their PAN cards
- Any other document as requested by the Income Tax Department.
File 80G Application: Once the organization has obtained 12A registration, it can apply for 80G registration by filing Form 10G with the Income Tax Department.
Verification and Approval: The Income Tax Department will verify the application and may conduct an inspection of the organization's activities. If the application is approved, the organization will be granted 80G registration.
The time required for Section 80G registration may vary depending on the verification and approval process by the Income Tax Department. Generally, it may take around 2-3 months to complete the registration process.