Ngo registration

This query is : Resolved 

25 January 2012 I want to establish NGO to promote entrepreneurship education.

1) What is the process?
2) How long does it take to get this registered?
3) What are the tax implications?
4) Can I get foreign donations?
5) What are audit requirements?

Drona

25 January 2012 1) kept the name of NGO in your mind and appoint the post such as secretary,treasurer,advertisement secretary etc.

go to your nearest Registrar office of NGO , check whether this name have not registered already.

then apply for registration in office of Registrar(NGO)
2)within 15 days you can get registration.(if your documents are fulfill and you fulfill the Norms for NGO .

3) A Non-Government Organization which is registered with the Income Tax Department under Section 12A of the Act is required to file a return of Income, if its total income, without claiming any deductions there from exceeds the maximum amount which is not chargeable to income tax.

The procedure for registering a Non-Government Organization, which is a public charitable trust, is to file an application in Form 10A (As per Annexure 27) in duplicate. This application should be sent to the Commissioner having jurisdiction in the area where the trust is situated, and should be filed before the expiry of one year from the date of creation of the trust or the establishment of the institution. The enclosures referred to in the said form should also be attached to the application.

MORE INFORMATION AVAILABLE ON BELOW MENTIONED LINK:

http://www.incometaxforngos.org/bus-act.htm

4) YES, ADMISSIBLE.
5) Section 12A states two conditions for availing the exemption available under the Act, the first condition is regarding application for registration and the second condition is regarding audit by an accountant as defined in the Explanation below sub-section (2) of section 288. All organizations are required to apply for registration within one year from the date of their creation. If there is delay in applying for registration then the organization should submit Audit Reports for the past three years or as may be available.

A Non-Government Organization which is registered with the Income Tax Department under Section 12A of the Act is required to file a return of Income, if its total income, without claiming any deductions there from exceeds the maximum amount which is not chargeable to income tax

REGARDING REGISTRATION OF NGO LINK IS:

https://www.caclubindia.com/share_files/ngo-registration-36660.asp


25 January 2012 Thank you very much for this info. I will now read all docs and try to digest it.

Drona

02 April 2012 thanks for participate in CA CLUB INDIA.


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