Avail of Legal Compliance for Section 8 Companies and Other NGOs
Online Legal India has a team of experts to provide support to availing of legal compliances for all types of Section 8 Companies. If you have a Section 8 Company, you must meet some legal compliance. Don’t worry! You may have a lot of important work in hand or you may not be accustomed to performing all complicated online form filling out activities. We are your premium support to meet any compliance criteria of your company.
The following standards are to maintain to demonstrate their sincerity, and authenticity with some annual legal compliances. We can help you in all respective fields of services.
Section 12A Registration
According to the Income Tax Act of 1961, you will get a provision certificate of 12A registration on successful application. Then, you have to apply for a permanent 12A certificate. The Income Tax department grants 12A certification against any non-profit organization. The purpose of the registration is to exempt the payable tax if there is any. Usually, this registration is applied 3 months after the NGO registration.
The NGOs registered under Trust, society, or Section 8 Company require Section 12A registration. All nonprofit organizations require it so that they can save tax as they require more capital for serving the people.
If you require services related to section 12A registration, contact Online Legal India. We will do it for you at the minimum cost of Rs. 9000/-, excluding 18% GST.
Documents Required for Section 12A Registration
- Aadhaar card and PAN card of all the directors of the company
- The incorporation certificate of the company
- Business address proof of the company
- Income details of the company
- Details of assets and liabilities of the Section 8 Company
- Details of the income received by the company in the last three years
- Business address proof of the company
- MOA and AOA of the Section 8 Company
- PAN Card of the company
- Copy of the Form 10A
- List of the donors of the company
- Book of accounts of the company
Benefits of 12A Registration
Holding a 12A certificate helps exempt income from tax. This allows companies or NGOs to allocate more funds to their charitable activities.
12A registration builds credibility and makes the company eligible for government and donor grants.
The certificate serves as official proof of the company’s registration with the government, enabling access to schemes.
Section 80G Registration
Section 80G, registration of income tax, 1961, is a provision in which organizations or individuals can claim for non-deduction of tax on donations offered to any charitable organizations, Section 8 Companies, and NGOs. The donors (individuals or companies) who donate to the organization can also claim their taxable income for non-deduction under this act. So, the people or companies under taxable income will inspire donating to a nonprofit organization like section 8 company.
So, as a section 8 company authority, you must register it under section 80G to avail of the mentioned benefits.
If you want 80G registration from us, you will get the minimum cost across India. Our charges are Rs. 9000, excluding 18% GST.
80G Registration Documentation:
- Copy of the organization’s incorporation certificate
- Copy of the registration certificate issued by the authority
- Copies of annual accounts for the last three years preceding
- Contact Online Legal India to learn more
80G Registration Documentation:
The documents required for 80G registration are mentioned below:
Benefits of 80G Registration:
Credibility Enhancement
It is almost similar to 12A registration, with some differences. Obtaining an 80G certification enhances your nonprofit organization’s or Section 8 Company’s reliability. Donors also find such organizations where they get tax benefits.
Tax Benefits for Donors
The 80G Registration provides benefits not only to the companies but also to the donors. The people or companies under high taxation can easily donate to those who need it. Hence, the charitable organizations will get more funds collected from the donors. This facility attracts the attention of donors.
Transparency and Accountability
Having the 80G registration certificate, a Section 8 company or any NGO remains transparent to the government about their transactions. They ensure a higher level of accountability towards donors and regulatory authorities.
Access to Government Funding
If there are any government grants to non-profit organizations, the Section 8 Company will have more opportunities to participate in charitable activities.