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NGOs and charitable trusts help address social issues, but gaining donations and trust can be tough. This is where the 80G5 Registration comes into play, boosting their credibility and attracting donors. This article explains the important benefits of Section 80G5 Registration and how it impacts NG
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80G5 Registration is an approval granted to NGOs, charitable trusts, or institutions under Section 80G(5) of the Income Tax Act, allowing donors to claim tax deductions on their donations.
It increases donor trust, attracts more donations by offering tax deductions, makes NGOs eligible for CSR funding, provides legal recognition, and strengthens their brand image.
Donors can claim tax deductions on their contributions, use donations for corporate tax planning, receive official proof of contribution, and are assured their funds support verified charitable institutions.
Deductions are available up to 50% or 100% of the donated amount, depending on the type of NGO and its specific approval under Section 80G.
An NGO must first be registered under Section 12A of the Income Tax Act before it can apply for 80G5 Registration.
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