In India, a non-profit organization, commonly referred to as an NGO, may register as a trust or as a society under the terms of the Society Registration Act 1860, as well as a corporation under section 8 of the Companies Act 2013 (formerly section 25 of the Companies Act 1956).
The most common type of NGO in India is the Section 8 Company form. Compared to a Trust and a Society, a Section 8 Company is simpler to register, operate, and maintain.
Section 8 (12, 1b, 1c) of the Companies Act 2013 states that section 8 companies may be formed for the purpose of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, and environmental protection, among other things, as long as they intend to use their profits for these purposes. If any or all revenue is used to further its goals and plans to forbid giving its members any dividend payments.
Many tax exemptions are granted to Section 8 companies, in particular to donors who make contributions to these organizations. These donors may deduct their contributions from their taxes.
When compared to other non-profit organization structures, such as trusts or societies, section 8 companies are seen as having greater trustworthiness. due to the Central Government's licensing for it. AOA can be completed at any time in a section 8 company, and there are stricter requirements such as no changes to the MOA.
In India, the Trustees listed in the Trust Deed hold control over a trust. The Board of Directors would have identical authority over a Section 8 Company as they would over a Private Limited Company.
A person who donates to a section 8 company may use the 80 G certificate to avoid paying taxes on the donation amount in full or in part.
12 A Registration: Most trusts must acquire a one-time registration immediately upon incorporation in order to be excluded from paying income tax. With a 12A registration, Section 8 companies, trusts, and non-profit organizations are free from paying income tax on the excess revenue of the trust or organization. Non-governmental organizations are exempt from income tax.
all inclusive fees
all inclusive fees
all inclusive fees
It will be necessary to provide two identity proof documents, such as an Aadhar card, Pan card, passport, driving license, or any other identity document issued by the government.
The directors are required to present proof of domicile, which must be at least three months old and consist of bank statements, energy bills, water bills, gas bills, and phone bills, in addition to their identity verification.
In the event that the registered office property's lease documents, EB Bill, property tax receipt, and water bill copy are involved. If the property is owned, a copy of the sale agreement and the water bill, property tax receipt, and EB bill, as well as a copy of the registered office property
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