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Simplify Tax Filing with Agarwal Taxcon Experts
06-feb-2025 -
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for NGO's
- Society / Trust / Sec-8 Company
- 80G/12A
- CSR & Funding
- NITI AAYOG / Darpan ID
- E-ANUDAN
- Annual Filing
- FCRA Registration
- Accounting, ITR
- Social Media Promotion
- Activity / Annual Report
NGO Registration Services
At Agarwal Taxcon Pvt Ltd, we understand the vital role of non-governmental organisations (NGOs) in advancing social change and development. Our mission is to support these organisations by providing comprehensive and hassle-free NGO registration services. With our expertise and commitment to excellence, we ensure that your NGO is registered efficiently and in compliance with all legal requirements.
Types of NGO Registration in India
These are the various types of NGO Registration in India that are discussed below:-
Trust Registration
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Society Registration
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Section 8 Company Registration
1. Trust Registration in India
Trusts, which were established with the admirable goal of promoting scientific, literary, and other worthy endeavours, can be used to alleviate scarcity, support medical care, and facilitate education for the poor. A trust must be formally enrolled under the Trusts Act of 1882 in order to complete the Trust Registration process. This important legal step gives the trust legal validity and establishes its identity as an independent entity by guaranteeing its recognition and adherence to legal requirements. Trust registration is essential for anyone thinking about creating a trust for charity or non-profit purposes in order to guarantee efficient operations and adherence to regulatory requirements. Our committed team of experts at Agarwaltaxcon is ready to help you at every turn along the trust registration procedure, with the goal of providing a smooth and effective experience. Please contact us at any time to go over your trust registration needs and to take advantage of our experience creating trusts that are both effective and comply with the law.
Trusts – A Comprehensive Overview
Individuals can designate a portion of their assets or property for the benefit of another person by creating trusts. A fiduciary connection between the trustee, beneficiary, and trustor is involved in this arrangement. The trust deed filed during the trust registration procedure outlines the specifics of this arrangement. When a specific asset or piece of property is transferred from the trustor to the trustee for the beneficiary's eventual benefit, a trust is established. In most cases, the third-party beneficiary keeps ties to both the trustee and the trustor. Therefore, a trust's definition is greatly influenced by the relationships between the individuals concerned. A trust is defined as a "relationship" under the terms of the Indian Trusts Act of 1882.
Outline of the process:
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Drafting of Trust Deed as per the Indian Trusts Act, 1882.
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Incorporation of trustees with a governing body.
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Submission of papers to register Trust with the Registrar of Trusts.
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Obtainment of tax exemptions under Section 12A and 80G.
Documents:
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Electricity or water bill as proof of address
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Two identity proofs of the trustee such as Voter ID, Driving License,
Passport, and Aadhaar Card.
2. Society Registration
Societies are associations formed by a group of individuals united by a common purpose, such as promoting education, science, art, or charitable activities. We assist in the entire process of registering a society, including
Process Overview:
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Preparation of Memorandum of Association (MoA) and By-laws as per the
Societies Registration Act, 1860.
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Establishment of a Governing Council.
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Submission of registration documents to the Registrar of Societies.
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Obtaining tax exemptions under Section 12A and 80G.
Documentation Requirements:
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Name of the society.
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Address proof of the office.
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Identity proof of all nine members (Driving License, Passport, Voter ID,
Aadhaar Card).
2. Section 8 Company Registration
In India, Section 8 Company functions as a non-governmental organization that is completely aimed to promote various activities like art, science, education, sports, and other charitable purposes. Unlike social trusts or societies, the earnings of a Section 8 Company are only reinvested and not divided among the members of the company for forwarding their main objectives. The most important thing to remember is that the registration and control of Section 8 Companies will be under the Ministry of Corporate Affairs (MCA), while Trusts and Societies are regulated by State Government Registrars.
Opting for Section 8 Company registration through RegisterKaro as opposed to Trusts and Societies significantly offer superior advantages. The Section 8 formalism helps in increasing credibility with governmental departments, stakeholders, and potential donors. Having a talented group in RegisterKaro, it is a seamless registration process for your Section 8 Company. We have the expertise to relieve you of your worries as far as documentation, application filing, incorporation is concerned, thereby making the whole process smooth and effective.
Process Overview:
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Drafting Memorandum and Articles of Association as per the Companies
Act, 2013.
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Formation of Board of Directors.
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Submission of registration documents to the ROC.
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Tax exemption under Section 8(1) and 12A.
Documentation Requirements:
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Name of the Company for approval.
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Address proof of the office
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Identity proof of all directors (Driving License, Passport, Voter ID,
Aadhaar Card).
What Is an 80G Certificate?
A non-governmental organisation (NGO), such as a Section 8 Company or a charity trust is provided with the 80G certificate. It supports financial contributions to certain nonprofit organisations. Additionally, when a person donates to such charities, they are allowed to reduce that amount from their entire total income, which results in a tax immunity. The donor must provide the receipt for the donation to authorise for the exemption. The information regarding the documentation, the date of the donation, and the institution's PAN must all be provided on this receipt.
About 12A Registration
NGOs are groups that engage in charity and nonprofit endeavours. They do, however, get incomes, and if they are not enrolled under Section 12A of the Income Tax Act, they must pay tax at the formal rates. Trusts, NGOs, and Section 8 Companies are eligible for a one-time tax insurance under Section 12 A of the Income Tax Act of 1961. Industries with a Section 12A registration are free from paying tax on their additional income.
Benefits of Section 80G-12A Registration
Tax Exemption
The NGO or society registration would be exempt from paying taxes by claiming this exemption. The NGO would need to provide the 12A certificate to make this exemption claim.
CSR Overview
The CSR-1 Registration mechanism was introduced by the Ministry of Corporate Affairs (MCA). It helps in registration of entities for undertaking CSR activities and receive funding from companies. This mechanism empowers entities to contribute meaningfully to social development.
Corporate Social Responsibility (CSR) processes covers CSR funding, CSR activities, corporations, entities, and filing CSR 1 registration form. The focus is on formalising and regulating CSR efforts in India. The CSR 1 form is important for this process. The goal is to show how CSR funding is managed, CSR activities are organised, and the roles of different entities in this framework.
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Credibility Enhancement: Signals commitment to responsible social practices,
boosting credibility and recognition.
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Collaboration Opportunities: Facilitates partnerships with companies for
effective CSR project implementation.
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Compliance with Regulations: Demonstrates adherence to legal requirements,
minimising risks of non-compliance.
What is NITI Aayog?
NITI Aayog (National Institution for Transforming India) is the policy think tank of the Government of India, set up on January 1, 2015, to replace the Planning Commission It is tasked with developing policies, promoting cooperative federalism, and driving economic and social development in India.
