Friends,
I have registered a society as an NGO under societies registration act and got the registration certificate.
I want all the donations that the NGO receives to be tax deductible for donators. For that, please guide me the procedure if I have to register my society under Income Tax Act? Please also let me know any further provision that are applicable to my society under the Income Tax Act. Awaiting reply.
Hello Shravan,
For Tax Deductible donations for the Donors you can apply for exemption u/s 12 and 80G to income tax authorities.
Form 10 A & 10G is required to be submitted with Income tax deptt. for application for registration registration u/s 12AA & 80G. For further details & requirements to be compiled go through these forms.
I hope this will be helpful for you.
Thank you dear Shashank.
CAclubindia
