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We provide specialized winterization services to safeguard your pool during the off-season, and when spring arrives, we handle the thorough opening process.

office : D-025,

Puri High Street-81 ,Faridabad

Phone Number

91-8178290095

91-8178290095

Email Address

itaxpks@gmail.com

itaxpks@gmail.com

80 G , 12 AB , FCRA / NITI AYOG

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  • 80 G , 12 AB , FCRA / NITI AYOG
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80G Registration

80G Registration: 80G registration is a certification granted by the Income Tax Department to NGOs, allowing donors to claim a tax deduction of 50% on their donations. This registration is granted under Section 80G of the Income Tax Act, 1961. To be eligible for 80G registration, an NGO must

  • Tax Deductions for Donors: Donations made to 80G-registered organizations are eligible for tax deductions, either 50% or 100% of the donation amount, depending on the organization. This incentivizes individuals and corporations to contribute.
  • Credibility and Trust: 80G registration enhances the credibility of the organization, making it more trustworthy in the eyes of potential donors and the public.
  • Improved Financial Management: Having clear records of donations and tax deductions can enhance the organization’s financial management and reporting.

12A Registration:

12A Registration: 12A registration is a certification granted by the Income Tax Department to NGOs, exempting them from paying income tax on their income. This registration is granted under Section 12A of the Income Tax Act, 1961. To be eligible for 12A registration, an NGO must

  • Tax Exemption: Organizations registered under Section 12A of the Income Tax Act can claim exemption from income tax on their surplus income.
  • Donor Benefits: Contributions made to 12A-registered organizations are eligible for tax deductions under Section 80G, encouraging more donations.
  • Financial Transparency: Registration often necessitates better financial practices, leading to greater transparency and accountability.
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FCRA (Foreign Contribution (Regulation) Act)

FCRA (Foreign Contribution (Regulation) Act) registration is a certification granted by the Ministry of Home Affairs (MHA) to Non-Governmental Organizations (NGOs) in India, allowing them to receive foreign contributions or donations from outside India.

  • Legitimate Foreign Funding: FCRA registration allows organizations to legally receive funds from foreign sources, expanding their funding base
  • Access to International Grants: Many international funding agencies require FCRA registration to provide grants, opening doors to additional financial support
  • Broader Network Opportunities: FCRA registration can lead to collaborations with international NGOs and agencies, enhancing the organization's outreach and impact.
  • Trust of Donors: Donors often prefer contributing to FCRA-registered organizations, knowing that their funds are being utilized in compliance with Indian laws.
  • Better Utilization of Funds:With FCRA registration, NGOs can utilize foreign contributions more efficiently, as they are exempt from paying income tax on such contributions.
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(National Institution for Transforming India)

NITI Aayog (National Institution for Transforming India) is a premier policy think tank of the Government of India, established in 2015 to replace the Planning Commission. The institution is responsible for providing strategic and technical advice to the central and state governments on policy matters, with a focus on promoting sustainable and inclusive growth.

  • NITI Aayog (National Institution for Transforming India) plays a crucial role in India's policy-making and development efforts. Here are some key benefits of NITI Aayog for various stakeholders
  • Policy Guidance: NITI Aayog provides strategic and technical advice to central and state governments, helping to formulate effective policies.
  • Data-Driven Decision Making: It emphasizes the use of data and research for policy formulation, enabling evidence-based decision-making.
  • Collaboration and Coordination: The Aayog fosters cooperation between the central and state governments, facilitating joint initiatives and reducing silos in governance.
  • Support for Startups and Innovation: NITI Aayog promotes entrepreneurship and innovation through various initiatives, including the Atal Innovation Mission.
  • Sustainable Development Goals (SDGs): It assists states in aligning their development plans with the SDGs, promoting holistic and sustainable growth.
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Transforming Vision into Reality Together

Essential documents include W-2s, 1099s, receipts for deductions, and previous year’s tax returns.

The standard deadline is April 15, but it can vary slightly depending on the year or if you file for an extension.

The penalties can include fines based on the amount owed and additional interest on any unpaid taxes.

You can check your refund status on the IRS website using their "Where's My Refund?" tool, typically within 24 hours of e-filing.

Businesses with a turnover exceeding the prescribed threshold limit, as well as those involved in inter-state supply or e-commerce, are required to register for GST.

Common documents include PAN card, proof of business address, bank account details, and identity/address proof of the owner/partners.