income tax exemption under section 12A|80G of income tax act 1961
Mon, 10/15/2012 - 12:09 — manoj
section 12A
Income of an organization is exempted if NGO has 12A registration. All income shall not be taxable after 12A registration. This is one time registration.
section 80G
If an organization has obtained certification under section 80G of Income Tax Act then donors of that NGO can claim exemption from Income Tax. This is not one time registration. This needs to get renewed after validity period.
