Section 12A & 80G Registration
Section 12A registration is a registration that provides exemption to a charitable trust or institution from paying income tax on the income generated by the trust or institution and Section 80G registration is a registration that provides a tax deduction to donors who contribute to a charitable trust or institution that has been registered under Section 80G.
Eligibility
The organization must be established for a charitable
income of the organization must be applied solely towards charitable purposes.
Non-profit motiveÂ
Section 80G Registration Eligibility:
Registration under Section 12A
The organization must be established for a charitable purpose
Document Required
Include a copy of the trust deed,
PAN card
Address proof
Audited financial statements.
Benefits
Exemption from paying taxes on income earned
Carry forward and set off of losses
Eligibility for government funding
Donations are exempt from tax
Encourages charitable giving
Transparency and accountability
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FAQ
Section 12A registration is a registration that provides exemption to a charitable trust or institution from paying income tax on the income generated by the trust or institution.
Section 80G registration is a registration that provides a tax deduction to donors who contribute to a charitable trust or institution that has been registered under Section 80G.
The documents required for Section 12A registration include a copy of the trust deed, PAN card, address proof, and bank statement.
The documents required for Section 80G registration include a copy of the trust deed, PAN card, address proof, and audited financial statements.
Section 12A registration is valid for perpetuity, provided the trust or institution continues to operate within the provisions of the registration.
Section 80G registration is valid for a period of two to three years, after which it needs to be renewed.
Yes, a trust can apply for Section 80G registration after obtaining Section 12A registration.
The process for Section 12A registration involves submitting the necessary documents to the Income Tax department, and if all requirements are met, the department will issue the registration.
The process for Section 80G registration involves submitting the necessary documents to the Income Tax department, and if all requirements are met, the department will issue the registration.
Yes, a trust can apply for both Section 12A and Section 80G registration at the same time.
No, a trust cannot claim exemption under Section 11 if it is not registered under Section 12A.
No, a donor cannot claim a tax deduction for a donation made to a trust that is not registered under Section 80G.
No, Section 80G registration is not mandatory for a trust to receive donations, but it can encourage donors to contribute more.
Yes, a trust can claim exemption under both Section 11 and Section 12A if it meets the requirements for both.
The penalty for not complying with Section 12A or Section 80G registration requirements can include cancellation of registration, as well as a penalty for non-compliance.
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