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80G and 12AA Registration
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80G and 12AA Registration
80G:-
- 80G Certification is taking by the Non Profit Organisation to get the advantage of attracting more donors to the organization for donating funds.
- This certificate give advantage to donors to avail the tax deduction on donations.
- To apply for an 80G certificate, however, the organisation must first have a 12AA certificate.
12AA:-
- This Registration mainly meant for the NGO’s, whether it is a Trust, Society or a Section 8 Company.
- NGO with 12AA Registration can claim a complete exemption from Income Tax Payment.