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Acquiring a 80G certificate. What do you need?
Acquiring a 80G certificate. What do you need?
First of all, what is 80G? 80G is a section in the Income tax act. What does it do? In simple terms, it provides exemption to a person who donates money to a trust. But, the trust requires a 80G certificate for this section to apply. So, how do you get this certificate?
Lets talk about the basic things, the things you need with you before starting out with this process. Let me present the documents required in a bullet list which you can check with without any problems considering the trust as a section 8 company. Similar documents as applicable can be used in cases of non-companies.
1. Certified True Copies (CTC) of the Trust's Certificate of Incorporation. ( Duplicate, signed by authorized signatory)
2. CTC of the MOA and the AOA of the trust
3. Brief particulars of the founders (Name, Contact, PAN address)
4. The Statements of accounts, Balance sheet and ITR of the company. (to prove if actually any charitable work is carried on)
5. Name Address and PAN of Donors of the Trust
6. Utility bills.
So, that's it for all documents required. For a brief walk-through on the process of registering and some frequently asked questions, check out my next article. (LINK)
Chiranjibi Chapagain. Find me on linkedIn
