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Trust, Society and Section 8 company
12AB/ 80G Registration
The NGOs could obtain registration under section 12AB of the Income Tax Act, 1961 (‘the Act’). The registration provides benefits to NGO to claim exemption on the donations/ grants received during the year in case 85% of the expenses have been utilized for charitable purposes. Earlier this registration would be provided under Section 12AA of the Act.
With the increase in connectivity and accessibility to the world, India have become a global hub for the foreign investments. The foreign investments are continuously flowing in India into various filed such as business, education, research, social activities etc.