Registration of 80g
Section 80g of the Earnings Tax Act, 1961 licenses benefactors to Societies Registered U/s 80g profits of pay responsibility exclusion on their present. All NGO ought to attempt and get enlistment under segment 80g.
Area 80g of the Earnings Tax Act equips an Income Tax Payee to claim conclusively for presents made by them to certain association. This conclusion is accountable for particular conditions.
The measure of finding relies on:-.
a). To whom the gift has been made.
b). Measure of gift. They are excuseded from 100 % to half of the measure of the gift.
No. All presents are not qualified for conclusion of U/s 80g. Just those presents qualify which is made to particular shops, beneficent companies registered or defined under U/S 80g.
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