๐ Tax Filing Guide for NGOs & Trusts in India โ Stay Compliant & Save Taxes by Return Filings Via Flickr:
Running an NGO or charitable trust? Hereโs how you can keep your tax benefits and avoid penalties:
๐น Eligibility for Tax Exemption โ Register under Section 12A or 12AB to claim exemptions under Sections 11 & 12 for charitable purposes.
๐น 80G Certification โ Helps attract donations since donors get tax deductions. Keep documents ready & renew on time.
๐น ITR-7 Filing โ Mandatory for exemption claimants. File online with income & expenditure details before the deadline.
๐น TDS Compliance โ Deduct & deposit TDS for staff/vendor payments when applicable. Avoid penalties & preserve exemption status.
๐น Utilization & Audit โ Spend 85% of income on charitable purposes yearly, justify any accumulation, and follow audit rules if receipts exceed limits.
๐ท Full detailed post on Flickr: https://www.flickr.com/photos/203245362@N06/54708907511/in/dateposted-public ๐ข See our X post here: https://x.com/ReturnFilings1/status/1935714718385074550/photo/1
