Section 80G

Mandatory CSR Registration Number, 80G and 12A Registration for NGOs to undertake CSR activities

Company Law - Mandatory CSR Registration Number, 80G and 12A Registration for NGOs to undertake CSR activities The concept of CSR (Corporate Social Responsibility) was introduced under the Companies Act, 2013 with the enforcement of Section 135 under the Act. Companies have certain responsibilities towards the stakeholders including the society in whic...

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How To Have Your Start Up (NGO’s)

Company Law - HOW TO HAVE YOUR START-UP Important steps to get started 1. Check the feasibility of your idea. 2. Have your business plan ready. 3. Choose the right business structure. 4. Look for funds. 5. Register in Government Schemes 6. Intellectual properties such as Trademark and Patents 7. Build a good digital presence. I 8. Get […]...

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Form 10AB | Final Registration Under Section 80G of Income Tax Act for NGO

Company Law - Dear friends, as we all know from 01.04.2021, there has been drastic change made in registration process of NGO, which wants to get registered under Section 80G of Income Tax Act, 1961. In earlier process before 31.03.2021, NGO has to registered once under Section 80G of Income Tax Act and the registration is valid for […]...

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Form 10BD Statement & Certificate of Section 80G Donation

Company Law - Form 10BD statement & Certificate of Donation: As we are aware, section 80G of the income tax act,1961 provides for deduction on payment of donations. Until the last financial year there was no way to counter check the accuracy of the donations paid. The income tax department allowed deduction based on the claim made by […]...

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Benefits of Section 80G Registration | Process & Compliances

Company Law - In India, there are lakhs of NGO registered in the form of Trust, Society and Section 8 Company. But due to lack of financial support a limited number of NGO are working for the social welfare activities. Some big NGOs like The Earth Saviours Foundation, Akshaya Patra Foundation, Smile Foundation are doing social welfare activities [&hell...

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Improper drastic changes in Income tax provisions relating to Trusts/NGOs

Company Law - CA Shailesh R Ghedia president of BJP Professional Cell, Mumbai has written a letter to Honorable Finance Minister, Smt. Nirmala Sitharaman and brought to her attention improper Drastic changes made in Income tax provisions relating to Charitable and Religious Trusts (Trusts/NGOs. He highlighted provisions relating to putting severe restr...

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Deferment for Approval/ Registration of Charitable Trusts & Exempt Institutions

Company Law - Deferrement of Procedure for Approval/ Registration/Notifications of certain entities U/s 10(23C), 12AA, 35 & 80G of Income Tax Act, 1961 till 01st October,2020 The Finance Act, 2020 has introduced certain new compliance burdens on Charitable Trusts and Exempt Institutions. The Budget 2020 has amended certain provisions of the Inc...

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Donation to PM CARES Fund to be fully exempt under section 80G

Company Law - The finance minister, Nirmala Sitharaman, at a press conference dated 24th March 2020 has announced that taxpayers can complete their tax-saving exercise and statutory compliances for FY 2019-20 till June 30, 2020. The earlier deadline was March 31, 2020. It’s a big relief to the Taxpayers given by the government. But still, it has a [&...

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Publicise Income Tax Exemption to PM's Relief Fund – PMO

Company Law - Prime Minister's National Relief Fund (PMNRF) was constituted in January, 1948 to assist displaced persons from Pakistan. The resources of the PMNRF are now utilized primarily to render immediate relief to the affected families of those killed/ injured in natural calamities like floods, cyclones and earthquakes, etc, or in the major accid...

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CBDT clarification on tax benefits for NGOs and charitable institutions

Company Law - The government has clarified that institutions like NGOs, charitable institutions and others who are eligible for tax benefits and can also issue tax benefit receipts to those paying donations would not need to renew their status unless it is withdra...

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Addition justified for Bogus Donation received by Educational Trust

Brijbasi Education And Welfare Society Vs PCIT (Delhi High Court) - Addition made by AO against Educational Trust on account ofdonations were found to be bogus  was justified as  assessee failed to discharge the onus of proof cast upon it and no attempt was made to produce credible material to corroborate the transactions or to explain the contradictory evidence t...

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CSR expense Eligible for Section 80G Deduction on fulfilling conditions

Goldman Sachs Services Pvt. Ltd. Vs JCIT (ITAT Bangalore) - The issue under consideration is whether CSR is also eligible for deduction u/s 80G of the Act subject to assessee satisfying the requisite conditions prescribed for deduction u/s 80G?...

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Bar Council eligible for Registration u/s 12AA & Exemption u/s 80G

Bar Council of Delhi Vs CIT (Exemption) (ITAT Delh) - The issue under consideration is whether the CIT is correct in rejecting the application filed by Bar Council of Delhi seeking registration u/s 12A (a) of the Income Tax Act?...

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ITAT dismisses ex-parte order of CIT denying Section 80G exemption

Dnyanranjan Shikshan Prasarak Mandal Vs CIT Exemptions (ITAT Pune) - Whether the ex-parte order of the CIT(Exemptions) denying 80G exemption is justified in law? ITAT dismissed ex-parte order of CIT(E) on the basis of principles of natural justice...

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Deduction u/s 80G cannot denied merely because such payment forms part of CSR

First American (India) Pvt. Ltd Vs ACIT (ITAT Bangalore) - The issue under consideration is that whether the expenditure incurred for CSR will also be qualified for deduction under section 80G?...

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CBDT notifies ‘Maa Umiya Temple’ under Section 80G(2)(b)

Notification No. 36/2021-Income Tax/S.O.1698(E) - (23/04/2021) - CBDT vide Notification No. 36/2021-Income Tax Dated:  23rd April, 2021 notifies ‘Maa Umiya Temple managed by Vishv Umiya Foundation at Jaspur, Ahmedabad’ to be place of artistic importance and a place of public worship of renown throughout the state of Gujarat State for the purposes of ...

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New Procedure for registration, approval U/s.10(23C), 12AA, 35 & 80G deferred

Release ID: 1622387 - (09/05/2020) - CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 (the Act) would b...

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CBDT notifies Shri Ram Janmabhoomi Teerth Kshetra U/s. 80G(2)(b)

Notification No. 24/2020-Income Tax [S.O. 1434(E)] - (08/05/2020) - CBDT notifies SHRI RAM JANMABHOOMI TEERTH KSHETRA to be place of historic importance and a place of public worship of renown for the purposes of section 80G(2)(b) from the year F.Y. 2020-2021, relevant to the Assessment Year 2021-2022....

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CBDT allows donations to PM cares fund through form 16

F. No. 178/7/2020-ITA-1 - (09/04/2020) - Submission of certificate for claiming deductions U/s. 80G of the Income-tax Act, 1961 in respect of donation made by an employee to Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES FUND)...

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CBDT revise forms and rules of Approval of Application U/s. 80G & 10(23C)

Notification No. 60/2019-Income Tax [S.O. 3215(E).] - (05/09/2019) - Notification No. 60/2019-Income Tax- CBDT amends rules 2C and 2CA related to Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi) and sub-clause (via) of clause (23C) of section 10 and Rule 11AA related to Requirements for approval...

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Section 80G’s Popular Posts

Recent Posts in "Section 80G"

Mandatory CSR Registration Number, 80G and 12A Registration for NGOs to undertake CSR activities

Mandatory CSR Registration Number, 80G and 12A Registration for NGOs to undertake CSR activities The concept of CSR (Corporate Social Responsibility) was introduced under the Companies Act, 2013 with the enforcement of Section 135 under the Act. Companies have certain responsibilities towards the stakeholders including the society in whic...

Read More
Posted Under: Income Tax |

How To Have Your Start Up (NGO’s)

HOW TO HAVE YOUR START-UP Important steps to get started 1. Check the feasibility of your idea. 2. Have your business plan ready. 3. Choose the right business structure. 4. Look for funds. 5. Register in Government Schemes 6. Intellectual properties such as Trademark and Patents 7. Build a good digital presence. I 8. Get […]...

Read More
Posted Under: Income Tax |

Form 10AB | Final Registration Under Section 80G of Income Tax Act for NGO

Dear friends, as we all know from 01.04.2021, there has been drastic change made in registration process of NGO, which wants to get registered under Section 80G of Income Tax Act, 1961. In earlier process before 31.03.2021, NGO has to registered once under Section 80G of Income Tax Act and the registration is valid for […]...

Read More
Posted Under: Income Tax |

Form 10BD Statement & Certificate of Section 80G Donation

Form 10BD statement & Certificate of Donation: As we are aware, section 80G of the income tax act,1961 provides for deduction on payment of donations. Until the last financial year there was no way to counter check the accuracy of the donations paid. The income tax department allowed deduction based on the claim made by […]...

Read More
Posted Under: Income Tax |

Benefits of Section 80G Registration | Process & Compliances

In India, there are lakhs of NGO registered in the form of Trust, Society and Section 8 Company. But due to lack of financial support a limited number of NGO are working for the social welfare activities. Some big NGOs like The Earth Saviours Foundation, Akshaya Patra Foundation, Smile Foundation are doing social welfare activities [&hell...

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Posted Under: Income Tax |

Note on Statement of Donations and Certificate of Donations

Notification No.19/2021 26/03/2021

Till the introduction of Form 10BD under the Income-tax Rules, there was no mechanism to validate or counter-check the deductions for donations claimed by the assessee under Section 80G and other sections....

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Posted Under: Income Tax |

Donate And Save Tax!!

Giving is not just about making a Donation. It is about making a Difference. Swipe Right to know how you can save up on your taxes by making a donation. Section 80G of the Income Tax Act, provides for Deduction in respect of donations to certain funds, charitable institutions, etc. All assesses are eligible to […]...

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Posted Under: Income Tax |

Major Amendment in Registration Procedure u/s 12A & 80G

Are you someone who runs a trust or plans to start one? Do you know that the law gives you special rebates under section 12A and 80G? Are you grasping this opportunity, or you wish to, but……..don’t know how? The government introduced specific provisions in the Finance Act, 2020, making it mandatory for charitable/religious/educa...

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Posted Under: Income Tax |

Extending dates for filing belated & Revised IT Returns for AY 2020-21

Direct Taxes Professionals’ Association has made a representation to Hon’ble Finance Minister, Mrs. Nirmala Sitharaman, and requested for extending dates for filing belated and Revised IT Returns for AY 2020-21 and for furnishing Form 10A for fresh Registration under section 12AB and exemption under section 80G of the Income Tax Act, ...

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Posted Under: Income Tax |

Registration of Charitable Institution – Is HINDI a ‘Vernacular Language’ ?

Naresh Kabra “Is HINDI a ‘Vernacular Language’?” (Core issue w.r.t New process of registration of Charitable Institution Under Income-tax) OVERVIEW: This is with reference to the new process of registration of 12AB, approval of 80G and 10(23C) under Income-tax 1961, as per ‘The Income-tax (6th Amendment) Rules, 2021‘ n...

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Posted Under: Income Tax |

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