Advantages of 80G
- Makes a donor to the NGO eligible for 80G deduction from his/her taxable earnings.
- Attracts the donor towards donating.
80G registrations are the income tax exemption registration given by income tax department to NGOs. A Charitable NGO can apply for income tax exemptions certificate after getting the registration the NGO’s no need to make tax. After getting 80G, the donor can claim income tax deduction from their individual taxation.
Now, after initial registration of 80G Department is approving the same for 3 years ie NGO will get a provisional registration certificate for three years and this can be renewed after 3 years. After renewal, the certificate will be valid for 5 years.. All NGOs has to renew their certificate for 5 years..