Understanding Section 80G of the Income Tax Act: A Benefit for Donors and NGOs

Section 80G of the Income Tax Act, 1961, is a provision that allows donors to claim tax deductions for contributions made to specified relief funds and charitable institutions. It incentivizes charitable giving while benefiting NGOs by enhancing their donor base.

1. Tax Deduction for Donors: Donors can claim deductions of up to 50% or 100% of the donated amount, depending on the organization’s eligibility.

2. Promotes Philanthropy: Encourages individuals and corporations to contribute to social causes.

3. Boosts NGO Credibility: Registration under Section 80G increases trustworthiness among potential donors.

• Registration Certificate: Proof of the NGO’s legal status.

• PAN Card: Permanent account number of the organization.

• Activity Report: Detailed records of activities conducted over the past three years.

• Audited Financial Statements: Balance sheets, income-expenditure accounts, and audit reports for the last three financial years.

• Bank Account Details: Copies of bank statements and a canceled cheque.

• Trust Deed or MOA/AOA: Foundational documents establishing the NGO’s objectives.

• Declaration by Trustees or Directors: A statement affirming adherence to the organization’s goals.

1. Prepare all required documents.

2. File Form 10G online through the income tax e-filing portal.

3. Submit the application along with supporting documents.

4. Respond to any queries or clarifications from the tax authorities.

5. Receive approval and registration certificate upon successful review.

• Incomplete or incorrect documentation.

• Delays in approval due to lack of compliance.

• Misunderstanding of eligibility requirements.

At FinFit Advisory, we offer comprehensive support to NGOs seeking Section 80G registration. Here’s how we help:

1. Streamlined Process: Our experts ensure a hassle-free application process, minimizing delays and errors.

2. Document Preparation: We assist in compiling and reviewing all necessary documents.

3. Expert Guidance: Tailored advice to help your NGO meet eligibility criteria.

4. Post-Approval Support: Assistance with ongoing compliance to maintain 80G benefits.

• Increased Donations: Tax benefits attract more donors.

• Enhanced Visibility: Certification can be promoted in fundraising campaigns.

• Sustained Growth: Greater financial support enables NGOs to expand their initiatives

or expert assistance with Section 80G registration or any other financial services, contact us:

• Phone: 7827574328 

• Email: Finfitadvisor@gmail.com

Let FinFit Advisory be your partner in achieving compliance and boosting your NGO’s potential. Secure your certification today!