12AA and 80G are provisions under the Income Tax Act of India that allow certain organizations to apply for tax exemption status.
📖 1. Draft the Trust Deed or Memorandum of Association and Rules and Regulations of the organization.
📖 Obtain PAN card and open a bank account in the name of the organization.
📖 Apply for 12AA registration by filling Form 10A online on the Income Tax Department's website.
📖 Attach the following documents with Form 10A:
∴ Copy of Trust Deed or Memorandum of Association and Rules and Regulations
∴ Copy of PAN card
∴ Copy of bank statement
∴ Copy of address proof
∴ List of governing body members with their contact details
📖 Submit the application and documents to the concerned Income Tax Office.
📖 If the application is approved, the organization will receive a 12AA registration certificate.
📖 1. The organization must have a 12AA registration certificate.
📖 Apply for 80G registration by filling Form 10G online on the Income Tax Department's website.
📖 Attach the following documents with Form 10G:
∴ Copy of 12AA registration certificate
∴ Copy of Trust Deed or Memorandum of Association and Rules and Regulations
∴ Copy of PAN card
∴ Copy of bank statement
∴ Copy of address proof
∴ List of governing body members with their contact details
📖 Submit the application and documents to the concerned Income Tax Office.
📖 If the application is approved, the organization will receive an 80G registration certificate, which allows donors to claim a tax deduction for their contributions to the organization.
It is important to ensure that all legal requirements and guidelines are followed while applying for 12AA and 80G registration to avoid any legal complications in the future. It is advisable to consult with a legal professional for assistance with the registration process.