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TMI Blog80G5 Registration: Documents Required and Filing ProcessX X X X Extracts X X X X X X X X Extracts X X X X ..... 80G5 Registration: Documents Required and Filing Process X X X X Extracts X X X X X X X X Extracts X X X X ..... ns. This article is all about the documents required and how to file for 80G5 Registration. Benefits of 80G5 Registration * Tax Benefits for Donors: Donors can declare a tax deduction of 50% to 100% on donations. * Increased Donations: Tax benefits encourage more contributions to registered businesses. * Government Recognition: Establishes the legitimacy of the NGO or agrees with it. * C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redibility and Transparency: Boosts donor self-assurance within the organization's sports. Documents Required for 80G5 Registration To practice for 80G5 Registration, an NGO or an organization should submit the following files: * PAN Card of the organization * Trust Deed, MOA (for Trusts, Societies, or Section 8 Companies) * Registration Certificate (from the Charity Commissioner, ROC, or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Society Registration Act) * Audited Financial Statements (for the remaining 3 years, if applicable) * Income Tax Return (ITR) Copies of the beyond 3 years (if applicable) * List of Trustees or Governing Body Members * Details of Welfare Activities undertaken through the enterprise * Bank Account Statement of the employer * A declaration from the NGO confirming compliance with Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on 80G necessities Filing Process for 80G5 Registration The 80G5 Registration method is easy and may be finished online through the Income Tax Department's portal. Step 1: Prepare the Required Documents Ensure all vital files are updated, audited, and signed by way of authorized signatories. Step 2: Submit Form 10A or 10AB * NGOs applying for the first time must fill out Form 10A. * For r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enewal or modification, Form 10AB is required. Step 3: Verification and Processing * The Income Tax Department verifies the software. * Additional documents or clarifications can be requested. Step 4: Issuance of 80G5 Certificate Once authorized, the organization gets a certificate valid for five years, which needs to be renewed earlier than expiry. Conclusion Obtaining 80G5 Registration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is essential for NGOs and charitable corporations to get hold of tax-exempt donations and boost credibility. Following the suitable documentation and submission process ensures seamless approval. X X X X Extracts X X X X X X X X Extracts X X X X
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