12A and 80G Registration

CBDT Implements Stricter Audit Norms for Charitable Trusts

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CBDT Implements Stricter Audit Norms for Charitable Trusts

Charitable trusts are now subject to stricter reporting regulations by the income tax authorities, requiring additional information in audit reports and placing greater responsibility on auditors. Thus, the Central Board of Direct Taxes (CBDT) has introduced changes to the audit reports for charitable trusts. Let’s understand the latest updates for Charitable trusts through this article. … Read more

12A and 80G Registration for NGO: Process, Benefits, Document

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12A and 80G Registration for NGO Process, Benefits, Document

The two registrations, 12A and 80G, are given by the Income Tax Department to NGOs so they can benefit from tax exemption and allow contributors to deduct their donations. An NGO with 12A and 80G registration is more likely to be approved for generous financing and numerous tax breaks. Know all about 12A and 80G … Read more