In India, 12A and 80G registrations are related to tax exemptions for charitable and religious institutions under the Income Tax Act, 1961. Here's a brief explanation of each:
- 12A Registration: Section 12A of the Income Tax Act provides for the registration of charitable or religious trusts/institutions to avail of tax exemptions on their income. Once registered under Section 12A, the income of the trust or institution is exempt from taxation, subject to certain conditions. This registration is essential for organizations seeking tax benefits for their charitable or religious activities.
- 80G Registration: Section 80G of the Income Tax Act allows donors to claim tax deductions for donations made to eligible charitable or religious institutions. Organizations that have obtained 80G registration can issue tax exemption certificates to donors, enabling them to claim deductions on their taxable income for the amount donated. This registration is crucial for attracting donations and support for the activities of the trust or institution.
12A & 80G Registration
SKU: 015
₹15,599.00 Regular Price
₹11,999.00Sale Price
Excluding Taxes
In India, 12A and 80G registrations are related to tax exemptions for charitable and religious institutions under the Income Tax Act, 1961. Here's a brief explanation of each:
- 12A Registration: Section 12A of the Income Tax Act provides for the registration of charitable or religious trusts/institutions to avail of tax exemptions on their income. Once registered under Section 12A, the income of the trust or institution is exempt from taxation, subject to certain conditions. This registration is essential for organizations seeking tax benefits for their charitable or religious activities.
- 80G Registration: Section 80G of the Income Tax Act allows donors to claim tax deductions for donations made to eligible charitable or religious institutions. Organizations that have obtained 80G registration can issue tax exemption certificates to donors, enabling them to claim deductions on their taxable income for the amount donated. This registration is crucial for attracting donations and support for the activities of the trust or institution.
- 12A Registration: Section 12A of the Income Tax Act provides for the registration of charitable or religious trusts/institutions to avail of tax exemptions on their income. Once registered under Section 12A, the income of the trust or institution is exempt from taxation, subject to certain conditions. This registration is essential for organizations seeking tax benefits for their charitable or religious activities.