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Segment 80g of the Income Tax Act, 1961 licenses benefactors to Societies Registered U/s 80g revenues of pay task exempt...

  • Category: Other Services
  • Published: 20/09/2014
  • Current Rating: /5 0 Vote


    Segment 80g of the Income Tax Act, 1961 licenses benefactors to Societies Registered U/s 80g revenues of pay task exemption on their present. All NGO ought to try and get enlistment under section 80g.

    Location 80g Registration of the Earnings Tax Act empowers an Income Tax Payee to declare conclusively for presents made by them to specific association. This conclusion is responsible for particular conditions.

    The measure of discovering depends on:-.
    a). To whom the present has been made.
    b). Measure of present. They are excuseded from 100 % to half of the measure of the present.

    No. All gifts are not qualified for conclusion of U/s 80g . Just those gifts certify which is made to certain shops, beneficent companies registered or defined under U/S 80g.

    a). A couple of Institutions of National significance, like, National Defense Fund, Executive's National Relief Fund, Executive's Drought Relief Fund and so on, are clearly said in the Area 80g.

    b). The Chief Commissioner of Income Tax can affirm companies under this section. Prior Religious Organizations were clearly not permitted to be gotten U/s 80g.

    All companies qualify for enlistment given that they satisfy the accompanying conditions:-.

    1. The Organizations ought not to use any income or holdings for any factor apart from an appropriate factor.

    2. The Organization ought not to be for the earnings of any certain faith, group, or station The Institution should keep up normal records.
    3. The Institution should be gotten under the Societies Registration Act or any possible contrast Well-being act.
    4. Their expenses of religious action ought not to surpass 5 % of aggregate salary.
    5. They should submit their wage evaluation form normally. To obtain your public enlisted U/s 80g, you need to use in structure no. 10g.
    6. Form No. 10g requires the accompanying important information:-.
    a)Name and Address of the Institution.
    b)Name and Address of the workplace bearers.
    c)Earnings charge Details.
    d)Quantity of surplus and mode of their speculations.

    This application should be achieved with the accompanying archives:-.

    1. If any, copy of the enrollment enabled U/s 12a or replicate of cautioning issued U/s 10(23) or 12 (23c).
    2. A note on the exercises of the establishment throughout the previous 3 years.
    3. Copy of the analyzed records for the Past three years.
    4. Memorandum and Rules & Regulations.
    5. Copy of the registration Certification from the public. After tameness of your application.


    Address:Crystal Vision,45B,Hasanpur Main Road,1st Floor,I.P. Extension,Patparganj,Delhi-110092.

    Website: http://www.80g.co.in

    Phone Number : 9910867240
    Website URL : http://www.80g.co.in

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