The 80g registration grant conditions

80g registration, below the income tax act in India, provides tax exemption to donors contributing to eligible ngos and charitable corporations. To qualify the charity must function for philanthropic functions, preserve proper money owed and ensure that no budget is diverted for personal advantage. The business enterprise should observe the essential files, including a settlement with a deed or memorandum, financial statements and a PAN card. The 80g certificate is granted for a specific period, generally five years and should be renewed thereafter. Compliance with situations set forth with the aid of the tax authorities is essential for maintaining donor popularity as actual with and transparency in operations.