80g registration

Section 80g of the Income Tax Act in India allows taxpayers to cut the donations made to positive charitable corporations. To avail this benefit, corporations have to obtain 80g registration which proves their eligibility. This registration ensures that the donation given to those institutions is tax-cut for the donor, encourages philanthropy. To stabilize this registration, groups have to practice with relevant files, give details of their sports, governance and financial information. It is important for NGOs to maintain transparency and compliance to maintain their registered popularity.