12A Registration- 12A of income tax act, 1961 provides relief for the organisation who is engaged in social welfare basically called NGO. Registration under section 12A is one time and has lifetime Validity. NGO registered under 12A claims exemption of Income Tax, all Income are not taxable.
80G Registration – 80G of income tax act, 1961 provides relief to donor i.e. Individual, company, firm or any other person making donation to NGO registered under 80G, get deduction about 50% from their taxable income and some qualify at the rate of 100%.
80G & 12 A can can be applied together or separately also. If some organization is willing to apply both applications separately, then application for registration u/s 12A will be applied first. Getting 12A registration is must for applying application for registration u/s 80G of Income Tax Act, 1961.
Copy of PAN of the NGO;
Audited Balance Sheet, Income & Expenditure Account since inception or the preceding three financial year,
Certified copy of Trust Deed/Society Registration Certificate and its Bye Laws/Certificate of Incorporation and Memorandum and Articles of Association of a Section 8 Company;
Copies of Electricity Bill/House tax receipt/Water Bill of the registered office
Evidence of welfare activities carried out & progress report since inception
List of donors along with their address and PAN
List of governing body members and their contact details
A Power of Attorney
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