Registration u/s12a and 80g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2015 Dear members,

One of my client have started an NGO and the objectives of the trust are -
a. providing medical relief to blind kids and :.
b. providing support to orphans

My doubt is :
1. Can he apply for registration u/s 12aa and 80g ? since its the year of inception and accounts are yet to be prepared.

2.Audit can only be done after the completion of the current FY, so will he get registration u/80G?

Please advise,thanks in advance members.

Regards,
CA Nitish Verma

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 May 2015 Yes registration can be applied stating it is the year of inception.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2015 Thanks Seetharaman for your quick revert. I would like to ask you another question : If he applies for registration in the first year itself, will donees start getting deduction u/s 80G in the frst year ?

Regards,
CA Nitish

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 May 2015 After approval deduction eligible from that date.

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