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Importance of 12a and 80g for charitable organization registration

Registration of charitable organization under section 12a and 80g of income tax act is a milestone step which can boost the credibility of the organization to a considerable extent, reduce operational complexities and strengthen its financial viability. The section 12a is a formal recognition given to charitable organizations that have to operate in the form of tax-exempt charities. Besides creating a legal confirmation as to the nature of the organization being a charitable organization, this registration will also simplify fundraising since it will assure the donors that an organization is legitimate. The organization will be exempted of paying income tax on the donation they will give once an organization has been registered under section 12a and thus through this, more individuals, corporations and other organizations will respond to the call of the donation by giving more. These advantages play a crucial role in increasing the reach and influence of the organization since it will...

Apply 80g and 12a registration online for tax saving benefits

Introduction In India the non-profits and the charitable organizations are imperative in development of the society in as far as they assist numerous causes in education, health and poverty alleviation. Government provides tax incentives to the donors and the organizations to help promote donation in such causes. Organization is predominantly expected to access such benefits by registering under section 80g and 12a of the income tax Act. The invention of digital technology has rendered the process of making these registrations by internet use to be minimal due to efficient flow in the process hence organizations find access to tax exemptions convenient and are able to raise more funds. What 80g and 12a registrations mean Under the Income Tax Act the section 80g gives donors the ability to deduct proceeds of any donations they give to a reasonably deserving charity organization. In case the organization is registered under 80g the donor is allowed to claim a tax deduction which can be ...