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Charitable trusts and non-profit organizations in India often rely on 80G5 Registration to make their fundraising efforts more effective by offering tax deductions to donors, it is not a one-time process. Periodic updates and timely renewals are important to ensure continued compliance and avoid disruptions in donor benefits.
In this article we shall see how to modify or renew the details for 80G5 Registration.
Understanding 80G5 Registration
80G5 Registration, governed by Section 80G of the Income Tax Act, 1961, allows eligible NGOs and charitable institutions to provide tax exemptions to individuals or companies contributing to their cause.
Why Updating 80G5 Registration is Necessary?
Over time, several changes may occur within an organization, such as:
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Amendments to the trust deed or objectives
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Change in registered office address
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Appointment or resignation of trustees or key personnel
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Modification of PAN details, contact information, or bank account
When to Renew or Update 80G5 Registration?
As per new rules, that were effective from April 1, 2021, all 80G registrations come with a validity of 5 years. Organizations must initiate the renewal process at least 6 months before the expiry date.
Procedure to Renew Your 80G5 Registration
Follow these steps to renew your 80G5 Registration through the Income Tax e-Filing portal:
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Upload Documents like revised trust deed, board resolution, PAN of new trustees, and updated contact/bank information.
A few Tips for an Effortless Renewal Process
Conclusion
Failing to report and update these changes with the Income Tax Department may lead to penalties, cancellation of benefits, or delays in donor exemptions. Timely updates of 80G5 Registration details and renewals reflect a well-managed, transparent entity and reinforce your commitment to regulatory compliance and donor trust.
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