35ac Registration Procedure & Document

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Non Profit Organisation(NGO) to encourage donors to donate for social works for Government approved social welfare projects  by giving 35ac Registration donation certificate to donor for tax relief. The receipt which issued to the donor is FORM 58A which is also called as donation certificate. Non Profit Organization is getting the benefits from the donation but the donors are not getting any benefits to give the donations therefore comes the section 35ac which helps to  provide all the benefits to the donors giving donations to the charitable organizations.

Read about 80G Registration Certificate

About 80g Registration & 35ac Registration

An NGO can Avail income tax release by getting itself registered and perform with certain other formalities, but such registration does not provide any benefit to the person making donations. The Income Tax Act 1961 has convinced provisions which offer tax benefits to “Donors”. All NGOs should avail the advantages of these provisions to attract potential donors. 

After 35ac registration Under section 35ac, organisations having income from business or profession can get 100% deduction. Charitable organisations can get registered themselves under section 35ac by applying to the National Committee under rule 11F to 11-O. If they carrying on any business. The approval under section 35ac is for 3 years only and not permanent in nature.

 

35ac Registration Document Required

The following document are required for 35ac registration in india to accept donations for NGO.

  1. Name and address of the applicant managing and affairs of the association and managing the association during last three year.
  2. Details of the applicant like their address, name,occupation
  3. Their pan card, adhaar card and other id proof.
  4. Audited profit and loss account, income and expenditure account ,balance sheet for the latest year and the last two preceding year.
  5. If association and institution is notified under section 10(23)c is approved for the section 80G.
  6. In detail the particular activities done by the association or institution during last three year preceding the date of application if the association or institution is three year old.
  7. And such other information about the association or institution.

 

Procedure for 35ac Registration

The following procedure for 35ac registration in India for starting NGO

  1. Normally the  Application of 35ac registration will be disposed off within 6 months.
  2. The Application of 35ac should be made for the same activity which the association or institution is already running, otherwise the application will be rejected.
  3. Under section 35ac registration, organization having income from  there business can get hundred % deduction. Charitable trust/Organizations get registered themselves if they are carrying on any business.
  4. As part of our company we provide the services to register the NGO and NPO under section 35ac of Income Tax Act in India.
  5. The Central Government specified various projects of national needs for which Charitable Organizations can take donations.
  6. The approval is not permanent in nature under section 35(AC).
  7. The National Committee may recommend or reject the project but when the approval is recommended then it is for a period of maximum 3 years and it could be further extended if the National Committee is satisfied with the performance during the period.
  8. The National Committee may withdraw the approval if the project is not carried out in accordance with the approved conditions. To withdraw a project National Committee should provide an opportunity of being heard to the aggrieved organization.

 

Online 35 ac 1&2 Application Form

35ac Registration Renewal Procedure & Requirements

The Government of India has recently come out with a notification of stating that the 35ac tax exemption certificate is not required to be renewed periodically. Application of 35ac registration for NGOs will be disposed off within 6 months. It is renewed in case of you do not submit the ITR  Application of 35ac registration will be disposed off within 6 months.

Renewal 35ac  Registration Document Required

The following document and application required for 35ac registration in india for starting NGO

  1. Name and address of the applicant managing and affairs of the association and managing the association during last three year.
  2. Details of the applicant like their address, name,occupation
  3. Their pan card, adhaar card and other id proof.
  4. Audited profit and loss account, income and expenditure account ,balance sheet for the latest year and the last two preceding year.
  5. If association and institution is notified under section 10(23)c is approved for the section 80G.
  6. In detail the particular activities done by the association or institution during last three year preceding the date of application if the association or institution is three year old.
  7. And such other information about the association or institution.

 

Difference Between 35ac and 80g Registration

Under the sections  35 ac and 80g registration donors can can get tax exemption by way of donating but in 80 g registration there is specified list of Doner  while 35ac registration NGO can get fund after approval from national committee so under section 35ac number of NGO will be more while deduction methods also different in both sections.  

 

Apply for 35AC Registration for NGO

 


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