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