the charitable institution or NGO/Trust should obtain a registration under the Income Tax Act for claiming tax exemption. Which form is applicable for applying for a registration under the Income Tax Act? The application for registration should be in Form No. 10A by the NGO/ trust or charitable institution.
NGO /TRUST/Section 8 Companies Registration & Donations/Tax Exemption
NGO may be defined as as association having a definite cultural, educational, economical, religious or social association organization. They are not owned by any one and cannot distribute profits as such. Whatever profits they may earn from economic activities are reinvested or spent on appropriate non profit activities. The typical sources of revenue or non governmental organizations are donations, membership fees, interest and dividends on investments.
The NGOs can be registered under any of the following Acts:-
Indian Trust Act, 1882
Societies Registration Act, 1860
Companies Act, 1956, u/s 25.
Charitable and Religious Trusts Act, 1920.
Sikh Gurdwara Act, 1925
Trustees and Mortgagees Powers Act, 1866.
Wakf Act, 1995
Indian Trustees Act, 1866
Religious Endowment Act, 1863.
Section 8 of the Companies Act, 2013
Cooperative societies registration act 1912
Uttar Pradesh Cooperative Societies registration act 1965