All the Trusts or NGOs existing on 1.4.2021 and the New Trusts or NGOs formed on or after 1.4.2021 with a view to avail exemption from payment of Income Tax u/s 11 shall apply in the New Registration Regime of Section 12AB of the Income Tax Act, 1961.
After formation of Trust, the trust acquires exemption of income tax of the Trust/ Organization under section 12AB registration in accordance to the Income Tax Act. In the same way, under section 80G of the Income tax Act, 1961, the contributors or donors make donations to specific Trust or NGO’s or Institutions as approved by the Government, so as the donated part from the income would not be recognized as taxable.
Following are the List of Documents Required for Certificate U/S 80G
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