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 80G5 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:
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PAN Card of the NGO/Trust/Section 8 Company
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Registration Certificate: Trust Deed / Society Registration Certificate / MOA & AOA (for Section 8 Company)
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Form 10A / 10AB: Online application shape
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Details of Trustees or Directors: PAN, Aadhaar, and contact information
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Audited Financial Statements: Last 3 years (Balance Sheet, Income & Expenditure, and so forth)
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Bank Account Details: Cancelled cheque or bank statement
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Activity Report: Past 2-3 years highlighting charitable activities
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Donor List (if applicable): Details of principal donors
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Affidavit/Declaration: Stating the organisation’s charitable cause
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12A Registration Certificate: Mandatory earlier than applying for 80G
Benefits of 80G5 Registration
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Tax Deduction for Donors: Encourages higher contributions
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Eligibility for CSR Funding: Enhances fundraising opportunities
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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.
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