80G Registration under Section 80G of the Income Tax Act provides benefits to the donor of an NGO. The donor gets economic benefits in the taxable quantity of their payment. The Income Tax Department published the 80G certificate to a non-governmental organization (NGO), a charitable trust, or a section 8 company. The Income Tax Department issued the 80G certificate to an NGO, a charitable trust, or a section 8 company. The 80G certificate is given to support such non-profit organizations to contribute money. In addition, the donor receives a tax rebate of 50% on contributing to such an organization, as they become qualified to remove such amount from their gross total income. Additionally, the contributor will have to secure a stamped receipt of the contribution made to avail of the exemption. Such receipt should contain the name of the donor, donation date, and PAN of the organization.
Inquire Now