80G Registration Application Process in West Bengal :
We are Leading 80G Registration Consultancy in West Bengal . 80G Registration Application Process in West Bengal Consists Of : Apply for an 80G certificate to the Commissioner of Income Tax (Exemption) In Kolkata , West Bengal along with the required documents ; An on-premise inspection is done by the Income Tax department after the form, and the required documents for 80G registration are submitted ; Upon satisfactory verification of documents and the office of the NGO, 80G certificate is granted to the institution by the Commissioner.
About 80G Registration in West Bengal under Income Tax Act, 1961
Registration of ngo , society , trust or charitable institutions under Section 80G does not provide any direct benefits to them. The ngo , society , trust or charitable institutions register themselves under Section 80G to enable the donors who contribute to them to avail certain tax benefits on their contributions. The registration under section 80G of charitable institutions is to incentivise their donors to make contributions. However, only the NGOs that have registered under both Section 12A and 80G are eligible for availing of government funding.
Eligibility for 80G Registration in West Bengal :
Before going into the benefits of 80G Registration to ngo , society , trust , it is essential to learn the eligibility for registration. These include:
- Generating no income from business activities.
- Being structured as charitable trusts, registered societies, or Section 8 companies.
- Utilising assets and income solely for charitable purposes.
- Maintaining accurate and transparent records of their organisational activities.
- Ensuring that owners or trustees do not unduly benefit from the organisation’s funds.
- Avoiding activities that favor a particular religion or caste.
Documents Required for 80G Registration in West Bengal :
1. Copy of Registration Certificate.
2. Copy of Trust Deed / Society Deed/MOA.
3. Copy of PAN.
4. Copy of 12A Certificate or Acknowledgement of application of 12A.
5. Copy of last 3 years Audit Reports, if any.
6. Note on Activities for last 3 years, if any.
Step by Step Process of 80G Registration in West Bengal :
First step Apply for PAN card, This will the birth of Trust in the eyes of Income Tax Department.
Second step Compiled the given Above documents for applying registration u/s 80G .
Third Step on compiling the above documents with covering letter, the responsible person shall submit the documents before Commissioner of Income Tax within which NGO jurisdiction lies.
Fourth Step NGO will receive notice for clarifications from Income Tax Department in 2-3 months after applying.
Fifth Step Reply of notice will be submitted by the responsible person of NGO along with all relevant desired documents to the Income Tax Departments.
Last Step Exemption Certificates will be issued.
Benefits of 80G Registration in West Bengal :
In the context of benefits of 80G Registration to ngo , society , trust , , let us now discuss the advantages of 80G registration to ngo , society , trust , which have been mentioned below:
1. Tax Benefits for Donors:
Section 80G registration benefits not only the organisation but also its donors. Donors who contribute to organisations with an 80G certificate can claim deductions on their taxable income.
2. Enhanced Credibility:
Similar to 12A registration, obtaining an 80G certificate enhances the credibility of the non-profit organisation. Donors often seek out organisations with this certification as it assures them that it will be utilised for legitimate charitable purposes.
3. Attracting More Donors:
The 80G certificate helps organisations attract a broader base of donors, including corporate entities and individuals. This expanded donor network can significantly increase the organisation’s financial resources, allowing for the expansion.
4. Transparency and Accountability:
To maintain 80G registration, organisations are required to adhere to specific reporting and transparency standards. This ensures that they operate with a high level of accountability, which is reassuring to donors and regulatory authorities.
5. Increase in Goodwill and Credibility of the Organisation:
Possessing an 80G certificate bestows legitimacy and credibility upon the organisation. This enhanced reputation not only attracts more donors but also fosters trust among existing supporters.
6. Access to Government Funding:
Organisations with Section 80G registration are better positioned to receive financial support from the government. They are more likely to qualify for government grants, subsidies, and funding opportunities aimed at promoting charitable activities.
The benefits of 80G Registration to ngo , society , trust serve as a promoter for philanthropy and social impact. It not only provides tax benefits to donors but also enhances the credibility and funding prospects of non-profit organisations. By fulfilling the prescribed criteria, these organisations can create an environment conducive to charitable activities, thereby advancing their missions and benefiting society as a whole.
