Get 12A and 80G Registration Services in Lucknow | MyStartupSolution

12A and 80G Registration Services in Lucknow - MyStartupSolution

For those managing a non-governmental organization (NGO) in Lucknow, gaining an exemption from income tax can significantly support your mission. My Startup Solution offers assistance in securing both 12A and 80G registration, enabling you to carry out your impactful initiatives without the encumbrance of tax obligations.

What is an 80G Certificate?

The 80G Certificate, issued by the Income Tax Department of India under section 80G of Income Tax Act, 1961, holds significant value for non-profit organizations, NGOs, charitable trusts, and Section 8 Companies. It aims to encourage more contributions from individuals and entities towards these benevolent causes.

Apply for 80G registration for NGO in Lucknow with MyStartupSolution

Covering the core of the 80G Certificate, let's now delve into the registration procedure. Acquiring this certificate entails following a set of organized steps diligently.

Step 1: Application Submission

Initiating the process, organizations seeking an 80G Certificate must submit a detailed application to the Commissioner of Income Tax in their jurisdiction. This application should encompass all requisite documents.

Step 2: On-Site Inspection

Following the submission of the application and necessary documents, the Income Tax department initiates an on-site inspection of the organization's premises. This step is crucial to ensure transparency and legitimacy.

Step 3: Additional Documentation

During the inspection, officials may require supplementary documents and evidence. It's crucial for the organization to promptly furnish these to expedite the process.

Step 4: Certification

Upon satisfactory completion of the verification process and scrutiny of documents, the Commissioner bestows the coveted 80G Certificate upon the organization. This certificate serves as a valuable asset, unlocking opportunities for potential donors.

What is 12A Registration?

Section 12A of the Income Tax Act, 1961, offers a significant benefit to Trusts, NGOs, and Section 8 companies by exempting them from paying income tax. These entities typically engage in charitable and non-profit activities while also earning income. Without Section 12A Registration, they would be obligated to pay taxes at regular rates. It's important to highlight that Section 12A applies equally to both charitable and religious organizations, ensuring accessibility to a diverse array of institutions.

Process involved for 12A Registration in Lucknow

Initiating the Application

To acquire 12A Registration, entities must adhere to a specified procedure outlined in Form 10A, as per Rule 17A of the Income Tax Act, 1961. Here's a brief overview of the application process:

• Complete Form 10A: Start by filling out Form 10A, providing precise details regarding your entity's activities, goals, and financial particulars.
• Submit to Jurisdictional Commissioner: Present the application to the Jurisdictional Commissioner of Income Tax, who serves as the authorized body for 12A Registration.

Verification and Assessment

Upon receiving your application and accompanying documents, the Commissioner begins a thorough assessment of your organization's activities. This evaluation is crucial for determining the validity of your request. The main steps in this process include:

• Authentication Check: The Commissioner verifies the authenticity of your organization's activities and may ask for additional documents or information if necessary.
• Decision and Reporting: Following a comprehensive examination, the Commissioner issues a written decree either granting the 12A Registration or denying the application. In the event of denial, the applicant is given an opportunity for a fair hearing.

Post-Registration Considerations

It should be noted that 12A Registration does not confer an indefinite privilege. There are various factors that may result in its cancellation:

• Contrary to Objectives: If an organization's activities stray from its stated objectives or lack authenticity, it may lead to the cancellation of 12A Registration.
• Benefitting Specific Groups: Should an institution begin to show favoritism towards a particular religion or caste, it puts its 12A Registration at risk.
• Prohibited Investments: Utilizing funds in prohibited manners or directing the institution's income towards the benefit of specific individuals can also result in the cancellation of registration.

80G and 12A Registration Eligibility Criteria in Lucknow

To be eligible for 80G and 12A registrations, NGOs and charitable organizations must meet specific criteria:

1. No Business Income: These registrations apply only to entities that do not earn any income from business activities. The primary focus must be on charitable endeavors, and making money through business activities is strictly prohibited.
2. Legal Structure: NGOs seeking 80G and 12A registration must be either a charitable trust or a registered society. This legal structure is necessary to qualify for these tax exemptions.
3. Exclusively Charitable Purposes: The organization's assets and income must be used solely for charitable purposes. Any diversion of funds for other purposes is not allowed under these registrations.
4. Financial Transparency: Maintaining meticulous records of financial transactions is vital. NGOs must keep clear and transparent accounts detailing all income and expenses. This transparency is crucial to show the proper use of funds.
5. Non-Beneficial Trustees or Governing Body: Trustees or governing body members should not receive any undue personal benefits from the organization's funds. These positions should be held with a sense of responsibility and selflessness.
6. Non-Discrimination: NGOs should not engage in activities that favor any particular caste or religion. The focus should be on the overall welfare of society, without bias or prejudice.
7. Separation of Business Income: If an NGO earns income from business activities, it must keep separate accounts for such revenue. Donations received by the organization should not be used for these business ventures.

Documents Required for 80G and 12A Registration in Lucknow

To initiate the registration procedure, you must collect a series of essential documents. These documents consist of:

• Self-certified duplicates of the Memorandum of Association (MOA) or trust deed.
• Verification of the registered office, such as a No Objection Certificate (NOC) from the landlord.
• NGO's PAN Card.
• Duplicates of utility bills, like water bills, electricity bills, or house tax receipts.
• Form 10G, properly completed.
• Proof of welfare activities carried out, either from the establishment of your NGO or within the last 3 years.
• Financial records, Income Tax Returns, and the Balance Sheet for the past 3 years or since the establishment of your NGO.
• A roster of contributors.
• PAN and the address of contributors.
• Names of trustees and board members.

Time Required for 80G and 12A Registration in Lucknow

Acquiring 80G and 12A registration typically takes between 50 to 80 days, but there are ways to speed up the process:

• Professional Help: Utilizing the services of My Startup Solution can simplify the registration procedure. Our proficiency in navigating the complexities of the application process can notably reduce the processing duration.

• Effective Documentation: Thoroughly preparing and organizing your documents can hasten the verification process, as incomplete or inaccurate submissions might cause delays.

Fees required for 12A and 80G Registration in Lucknow

It is important to highlight the charges linked with 80G and 12A enrollment:

• Legal Fee: The registration fee stands at Rs. 2000 for urban regions and Rs. 1000 for rural areas.

Why Choose MyStartupSolution for 80G / 12A Registration Services in Lucknow?

• Expertise: Our team boasts seasoned professionals well-versed in the nuances of 80G and 12A registrations, ensuring meticulous handling of your application.
• Customized Solutions: We tailor our services to meet your specific needs, providing personalized guidance throughout the registration process.
• Timely Execution: With a streamlined approach, we expedite the registration procedure, ensuring minimal delays and prompt results.
• Regulatory Compliance: We stay updated with the latest regulations, ensuring adherence to all legal requirements for seamless registration.
• Client-Centric Approach: Your satisfaction is our priority; we prioritize clear communication and dedicated support at every step.
• Trusted Reputation: Count on MyStartupSolution's solid track record and positive client testimonials for reliable registration services in Lucknow.

Contact MyStartupSolution for best 80G/12A Registration Services in Lucknow

Looking to secure 80G/12A registration for your nonprofit in Lucknow? Look no further than MyStartupSolution. Our expert team specializes in providing the best-in-class registration services tailored to your organization's needs. With a deep understanding of regulatory requirements, we ensure a seamless process, allowing you to focus on your mission. Contact us today at +91-8795224400 or email us at info@mystartupsolution.in to discuss how we can assist you in achieving your charitable goals.