80G Registration

80G Registration: Boosting Donations through Tax Benefits

Darshan Corporate Pvt Ltd provides expert assistance for organizations seeking 80G registration. This registration allows donors to claim tax deductions on their contributions, fostering increased support for charitable causes.

What is 80G Registration?

80G registration is a provision under the Income Tax Act that grants tax benefits to donors who contribute to charitable organizations. Organizations with 80G certification are more likely to attract donations due to the tax deductions available to contributors.

Key Benefits of 80G Registration

• Encourages donations by offering tax deductions to donors.
• Enhances the credibility of the organization among the public and potential donors.
• Improves funding opportunities by appealing to individuals and corporations seeking tax benefits.

Important Updates as per the Finance Bill, 2020

• Registration under Section 80G is now valid for 5 years and must be renewed periodically.
• The process of application and renewal is fully digitized for better transparency.
• Organizations must provide detailed reports of donations received to maintain compliance.

Forms Introduced for 80G Registration

• Form 10A: Used for new applications or re-registration under Section 80G.
• Form 10AB: Used for renewal of registration or changes to organizational objectives.

Required Documents for 80G Registration

• Copy of PAN card.
• Trust deed or Memorandum of Association (MOA).
• Details of trustees and key management personnel.
• Financial statements for the last three years, if applicable.
• Details of donations received, along with donor information.

Registration Process for 80G

1. New Registration:

Submit Form 10A along with the necessary documents for provisional registration. The certificate is valid for a specified period, during which the organization must comply with guidelines.

2. Re-registration:

Organizations already registered under Section 80G must apply for re-registration using Form 10A. Validity is granted for 5 years, after which renewal is required.

3. Renewal of Registration:

Applications for renewal should be submitted 6 months before the expiration of the registration. Income tax authorities will assess compliance before granting renewal.

How Darshan Corporate Helps

At Darshan Corporate Pvt Ltd, we simplify the 80G registration process for you. From preparing documents to filing applications and obtaining approval, our team ensures a seamless experience.