What is the purpose of 12A registration?
The primary purpose of 12A registration is to exempt an [...]
What are the benefits of 12A and 80G?
The benefits include: Tax exemption on surplus income (12A) Donor [...]
How long is 80G registration valid for?
As noted earlier, 80G registration is valid indefinitely as long [...]
What is the maximum 80G limit?
The maximum deduction under 80G depends on whether the donation [...]
What is the income tax rate for a trust?
Trusts that are registered under 12A typically enjoy tax exemption [...]
Who can apply for 12A and 80G?
Eligible applicants include NGOs, charitable trusts, societies, and non-profit companies [...]
What is the limit for cash donations?
The limit for cash donations is defined by the Income [...]
What is the maximum cash donation without a receipt?
Under current tax laws, cash donations exceeding Rs. 2,000 require [...]
What is the maximum deduction for 12A?
There is no fixed maximum deduction for 12A, as this [...]
How do I prove an 80G donation?
To prove an 80G donation, the donor must obtain a [...]