NGO Advisory

All you need to know about the Section 12A & Section 12AA

Trust, Society and Section 8 Company can seek registration Under Section 12A of Income Tax Act to claim exemption under Income Tax Act’ 1961, if certain conditions are satisfied. Section 12A deals with registration of trust and Section 12AA deals with online procedure for registration of trust.

A Non Governmental Organization (NGO) that is neither a part of a government nor a conventional for-profit business. Usually set up by ordinary citizens, NGOs may be funded by governments, foundations, businesses, or private persons. NGOs are highly diverse groups of organizations engaged in a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be registered for tax exemption based on recognition of social purposes. Others may be fronts for political, religious or other interest groups.

Documents required for online Registration procedure under Section 12A

• Company / Trust / Society registration certificates / registration documents

• Copy of PAN card of the directors / trustees

• Copy of Aadhaar Card of the directors / trustees

• Digital signature of one of the directors / trustees

• By Laws of this company, AOA, MOA copies

• Audit reports for all financial years since incorporation

• Audited Financials for all financial years since incorporation