The Income Tax Act, 1961 has provided certain income tax exemptions to certain charitable organisations or charitable trusts. Such organisations or trusts not operating for profits, like NGOs, charitable trusts, religious organisations, Section 8 companies, are made eligible for certain income tax exemptions. Section 12A and Section 80G of the Income Tax Act, 1961 provide for such income tax exemptions to institutions or you can say organisations established in India which are not operating for making profits but are engaged into either charitable or religious activities. These organisations need to get registered under section 12A and 80G and obtain certificates thereunder to avail of the income tax exemptions, failing which they would not receive such benefits that would otherwise be available after obtaining these certificates. We are listing down some of the Benefits of 12A and 80G registrations in Mumbai for a charitable trust.
Benefits of 12A and 80G Registrations in Mumbai:
Now, the process to get the 12A and 80G registrations in Mumbai is online and more simplified than before. In order to avail the benefits of 12A and 80G registrations in Mumbai and to give maximum benefits to public at large and those who are needy its advisable for the Charitable Trust to get certificates through 12A and 80G registrations in Mumbai.
For more details, you can contact our Firm, Anam Shaikh & Associates, CA Firm in Mumbai for getting 12A & 80G registrations in Mumbai