Hey there, changemakers! Running a charitable trust, NGO, or non-profit? Funding your noble causes is crucial. What if you could boost your financial resources through income tax exemption? Yes, we’re talking about the crucial 12A registration process!
This essential certification, governed by Section 12A of the Income Tax Act, 1961, grants your organization exemption from income tax on its surplus income, freeing up more funds for your mission. Let Filingworld.in guide you.
Why 12A Registration Matters
12A registration is a one-time certification by the Income Tax Department that exempts charitable or religious trusts and institutions from paying income tax on their income. Without it, even non-profits are taxed. This is a game-changer for sustainability, allowing you to reinvest more into your programs.
Who Can Apply & What You Gain
Any charitable trust, society, or non-profit organization established for charitable/religious purposes in India is eligible. Key benefits include:
- Income Tax Exemption: More funds for social initiatives.
- Enhanced Credibility: Builds trust among donors.
- Gateway to 80G: Allows donors to claim tax deductions – a massive incentive!
Documents & The Process
Keep these documents handy: Trust Deed/MOA/Society Registration Certificate, PAN Card, details of trustees, proof of registered office address (e.g., utility bills), and financial statements. The application is filed online via Form 10A on the income tax portal. Provisional registration is granted first, followed by final registration within specified timelines.
Simplify Your Journey with Filingworld.in
Navigating legal and tax formalities can be daunting. Filingworld.in simplifies the entire 12A registration process. From document preparation to accurate online filing and liaising with the IT Department, our experts ensure a hassle-free experience. Focus on your core mission: making a positive impact.
Obtaining 12A registration is a strategic move for any non-profit aiming for financial stability and long-term impact. Partner with Filingworld.in, and let's get your organization the tax benefits it deserves. Unlock a world of opportunities!