80G5 Registration is a unique approval granted to NGOs and trusts. In simple
words, if your NGO is 80G5 registered, people who donate to your cause can
reduce their taxable profits, encouraging more donations.
This article will help you know what 80G5 Registration is and the important
documents required for 80G5 Registration in India.
What is 80G5 Registration?
80G5 Registration refers to the certificate granted below Section 80G(5) of the Income Tax Act.
It provides tax benefits to donors, promoting transparency and authority for your charitable activities.
Only NGOs and institutions engaged in authentic charitable activities qualify.
List of Documents Required for 80G5 Registration
Here's a list of vital files to be submitted while making use of for 80G5 Registration:
- PAN Card of the NGO/Trust/Section 8 Company
- Registration Certificate: Trust Deed / Society Registration Certificate / MOA & AOA (for Section 8 Company)
- Form 10A / 10AB: Online application form
- Details of Trustees or Directors: PAN, Aadhaar, and contact information
- Audited Financial Statements: Last 3 years (Balance Sheet, Income & Expenditure, etc.)
- Bank Account Details: Cancelled cheque or bank statement
- Activity Report: Past 2-3 years highlighting charitable activities
- Donor List (if applicable): Details of principal donors
- Affidavit/Declaration: Stating the organization's charitable cause
- 12A Registration Certificate: Mandatory before applying for 80G.
Benefits of 80G5 Registration
- Tax Deduction for Donors: Encourages higher contributions
- Eligibility for CSR Funding: Enhances fundraising opportunities
- Visibility on the IT Portal: Easier for donors to verify and trust
Conclusion
80G5 Registration is a vital step for any NGO or charitable consider aiming to
develop its impact and donor base. By gathering and submitting the required
documents carefully, your employer can receive approval easily and begin
offering tax advantages to donors.
Also Read:
Comments