12 A 80 G Registration Online
Obtaining 12A and 80G registration in India is important for nonprofit organizations or charitable trusts to avail tax exemptions and for receiving tax-deductible donations. Here is a general guideline for the online registration process:
12A Registration:
1. Eligibility and Documentation:
– Ensure that your organization qualifies for 12A registration as a charitable or religious trust. You should have a trust deed, memorandum of association, or articles of association in place.
2. Online Application:
– Register and log in to the e-filing portal of the Income Tax Department (https://www.incometaxindiaefiling.gov.in/). If you are not already registered, create a new account.
3. Form 10A Filing:
– Fill and submit Form 10A online. This form is used to apply for 12A registration under section 12A of the Income Tax Act, 1961.
4. Verification and Follow-up:
– The Income Tax Department may seek additional information or documents for verification. Ensure you provide accurate and complete details.
5. Issuance of Certificate:
– Once the verification process is complete, and your application is approved, you will receive a registration certificate under Section 12A.
80G Registration:
1. Eligibility and Documentation:
– Ensure your organization qualifies for 80G registration, which allows donors to claim deductions for contributions to your organization. You should have 12A registration in place before applying for 80G.
2. Online Application:
– Log in to the e-filing portal of the Income Tax Department.
3. Form 10G Filing:
– Fill and submit Form 10G online. This form is used to apply for 80G registration under section 80G of the Income Tax Act, 1961.
4. Verification and Follow-up:
– The Income Tax Department may seek additional information or documents for verification. Ensure you provide accurate and complete details.
5. Issuance of Certificate:
– Once the verification process is complete and your application is approved, you will receive an 80G registration certificate.
Please note that the process and requirements for obtaining 12A and 80G registration may vary, and it’s essential to verify the latest requirements on the Income Tax Department’s official website or consult with a legal or financial professional like LEGATO BUSINESS SOLUTION LLP who specializes in nonprofit and charitable organizations. Additionally, maintaining accurate financial records and compliance with tax regulations is crucial for organizations with 12A and 80G registration to retain their eligibility for tax benefits.