80g | 12a

NGO Registration in Delhi

INTRODUCTION

A non-government organization is an organization that is neither a part of a government nor for a profit in business. It may get their funds from the Government, Business owners or from giant NGOs to run the NGO. Registration can be done either at state level or district level. An NGO can be registered in two ways:

• Trusts or,
• Society

Trusts: A Trust is a kind of NGO, which has established in the year 1882. It has minimum three members which can go up to 21 members. A trust has 3 posts which are:
1. President,
2. Secretary and,

Privileges of Income Tax Act, 1961 u/s 80G

INTRODUCTION

Section 80G of the Income Tax Act, 1961 avail an Income Tax Payee to claim deduction for donation made by them to certain organizations. This enables the people to donate for a very noble cause. You will get Income Tax benefits only in the case you have applied for Income Tax 80G benefits. It offers a deduction for donations to certain prescribed funds and charitable institutes. If a trust gets registered itself under this act, then the organization giving donation to the trust will get a 50% deduction from its taxable income.

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A cooperative society indicates a public registered or considered to be enlisted under any law identifying with reasonable orders for the present in power in any State or under the Central demonstration. Helpful societies may be legislated by the individual State cooperative Societies Act or by the Multi-State Cooperative Societies Act, 2002. The societies, whose primary location is to serve the investment in a specific State, are legislated by the Cooperative Societies Act of that particular State.

Enrollment under segment 80g of Income Tax Act gives profits to NGOs. In the event that the NGO has an 80g authentication with them, benefactor gets a budgetary profit in his/her assessable measure of their wage. In the event that an NGO gets itself enrolled under area 80g then the individual or the association making a gift to the NGO will get a conclusion of the half from his/its assessable salary. By benefiting 80g Certificate, an NGO can pull in more contributors.

                                          Societies Registration

A society is a group of people involved with each other through persistent relation ,or  large social grouping which voluntarily join together,subject to common political authority dominant cultural expectations incorporated under Society Registration Act,1960, to promote enerous,socialwelfare,helpful,charitable,educational,professional

Segment 80g of the Income Tax Act, 1961 licenses benefactors to Societies Registered U/s 80g profits of pay duty exclusion on their gift. This is one of the motivation accommodated the individuals to give for an honorable cause. As such, all NGO ought to attempt and get enlistment under segment 80g. This is restricted in which the NGO can express their appreciation to the givers.