Hi all,
There is one charitable trust which is registered u/s 12A. Now it wants to get registered u/s 80G too...what are the steps to register u/s 80G now post ammendment since earlier there was form 10G to be filed ..and now there is no such income tax form available at IT website.
Process of Obtaining 80G Registration
Registration under this section will be processed by the Commissioner of Income Tax after receiving an application from the applicant in Form 10G. The application should be accompanied by the following documents:
Registration Certificate
MOA /Trust Deed
NOC from the proprietor of the land where the registered office is situated.
Copy of the Pan Card of the Trust/Institution.
Copy of electricity bill, house tax receipt, or water bill
Proof of welfare activities pursued
Progress Report since the foundation of the NGO or for the previous 3 years
The statement of accounts and balance sheet since the foundation/previous 3 years
List of contributors along with their address and PAN.
List of governing body of trustees with their contact details
Copy of registration granted under section 12A or copy of notification issued under section 10(23)or section 10(23C)
Procedure for Registration under Section 80G:
Rule 11AA of the Income Tax Rules’1962 provides procedure for seeking approval under section 80G.
1. The application for approval of any institution shall be made in form no. 10G which shall be verified by the person who is authorised to verify the return of income under section 140, as applicable to the assessee
2. Form No. 10G shall be furnished electronically,—
(i) under digital signature, if the return of income is required to be furnished under digital signature; or
(ii) through electronic verification code in a case not covered under clause (i).
(3) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems), as the case may be, shall lay down the data structure, standards and procedure of furnishing and verification of Form No. 10G and shall be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said form so furnished.
(4) The Principal Commissioner or Commissioner may call for such further documents or information from applicant or cause such inquiries to be made as he may deem necessary in order to satisfy himself about the genuineness of the activities of the applicant.
(5) Where the Principal Commissioner or Commissioner is satisfied that all the conditions laid down in section 80G(5) are fulfilled by the applicant, he shall record such satisfaction in writing and grant approval under clause (vi) of sub-section (5) of section 80G.
(6) Where the Principal Commissioner or Commissioner is satisfied that one or more of the conditions laid down in section 80G(5) are not fulfilled, he shall record the reasons in writing and reject the application for approval after giving the applicant an opportunity of being heard.
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