Introduction

This comprehensive guide aims to provide detailed instructions on the procedure for renewing an 80G certificate of trust, particularly when the trust is registered under both 12A and 80G. The article covers necessary steps and clarifies the rules and guidelines based on recent updates for NGO registration.

What is an 80G Certificate of Trust?

The 80G certificate is a regulatory document issued to NGOs, trust societies, and section 8 companies that fulfill specific criteria. Trusts registered under Section 8A (12A) and 80G are eligible to receive donations, gifts, and other funds from individuals and organizations, which are tax-deductible under India's Income Tax Act, 1961.

Navigating the New Rules for 12A Registration

According to the latest regulations, 12A registration for both 80G trusts and other eligible organizations is valid for a period of three years. This means that any organization holding a 12A certificate must reapply and renew it before the expiry of this period.

Renewal Procedure for 80G Certificate of Trust

Eligibility: An 80G certificate of trust can be renewed if the trust meets all the eligibility criteria set by the Income Tax Department. These include annual financial statements, adherence to the trust's objective, and ongoing compliance with relevant laws. Documentation Required: To renew the certificate, you will need to submit the following documents: Updated financial statements Proof of income and expenditure Charitable activities report Any other documents as requested by the Income Tax Department

Steps to Renew an 80G Certificate of Trust

Review and Compliance Check: Begin by reviewing the trust's financial performance and compliance with the prescribed rules under 12A and 80G. Ensure all supplementary documents and records are up to date. Prepare Your Documents: Compile the necessary documents, such as audited financial statements, a detailed expenditure framework, and a summary of charitable activities for the last three years. Document availability of funds and the impact of the trust's activities. Filing the Renewal Application: Submit an application for renewal through the Income Tax Department's official platform or the offline process as per the instructions provided. Paying the Application Fee: Pay the required renewal application fee according to the latest guidelines issued by the department. The exact amount may vary based on the nature and size of the trust. Follow-up and Support: After submitting the application, keep track of the status and follow up with the concerned authorities if needed. For additional support, contact the helpline number 8285309526.

Key Points to Remember

The 80G certificate of trust is valid for a period of three years. Ensure that you complete the renewal process well before the expiry date to avoid any disruption in operations. Accurate and complete documentation is crucial for a smooth renewal process. Any discrepancies or incomplete documentation may delay the approval. In case of any doubt or issue, reach out to the helpline number 8285309526 for detailed guidance.

Conclusion

Maintaining the 80G certificate for a trust registered under Section 12A and 80G is a straightforward process if carried out correctly. By following the outlined steps and ensuring all necessary documentation is in order, you can successfully renew your trust's 80G certificate and continue to benefit from the tax exemptions and public trust objectives.