80G Registration
Rs.15000*
What is a Private Limited Company?
A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.
DOCUMENTS REQUIRED FOR FILING SPICE+ (INC-32)
The following documents must be filed with SPICe (INC-32) for a private limited company registration:
A. Where director and subscriber are Indian Nationals
An Affidavit on a Stamp Paper is to be given by all the subscribers of the Company to state their willingness to become the shareholders of the Company
Proof of office address – Rental Agreement or Ownership Deed such as Sale Deed
Copies of utility bills such as electricity bill, water bill or gas bill not older than two months
Copies of utility bills that are not older than two months
Copy of approval in case the proposed name of the company contains any word(s) or expression(s) that require approval from central government
If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act, then it is mandatory to attach the trademark registration certificate or trademark application copy
NOC from the owner of the property, if the registered office is on a rented/leased property.
In case of subscribers/ Director does not have a DIN, it is mandatory to attach, proof of identity and address proof of the subscribers
B.Where director/subscriber is a foreign National
Passport
Address proof: It can be driving license, residence card, bank statement, Government issued form of identification containing an address
OUR PVT LTD REGISTRATION PACKAGES INCLUDES
DIN and DSC for 2 Directors
Drafting of MoA & AoA
Government Stamp duty
Company Incorporation Certificate
Company PAN and TAN
Certificate of commencement of business (INC 20A)
ESIC and PF Registration
Revalidation of 80G and 12A – Process and Procedure
Section 80G of the Income Tax Act, 1961
Registration of trust or charitable institutions under Section 80G does not provide any direct benefits to them. The trust or charitable institutions register themselves under Section 80G to enable the donors who contribute to them to avail certain tax benefits on their contributions.
The registration under section 80G of charitable institutions is to incentivise their donors to make contributions. However, only the NGOs that have registered under both Section 12A and 80G are eligible for availing of government funding.
Revalidation of 80G and 12A – Process and Procedure
The charitable institutions are eligible for certain tax exemptions and benefits in India. The exemptions and benefits are dealt with under Sections 12A/12AA and 80G of the Income Tax Act, 1961. The institutions availing benefits under Section 12A and 80G had to revalidate their registrations under these two sections before August 2020 to continue to obtain the benefits.
The existing religious or charitable institutions or NGO’s had to re-apply to the Income Tax authorities for revalidation of the existing registrations. The charitable institutions cannot claim the benefits provided to them under 12A and 80G deductions without revalidation. This revalidation process focuses on whether the charitable activities of the institution or trust, or NGO are genuine or not.
The revalidation is necessary due to the changes made by way of amendment to the Finance Act, 2020, which mandates that the charitable institutions registered under Sections 12A/12AA and/or 80G of the Income Tax Act, 1961 are required to re-apply online for approval/registration by 31 August 2020. This amended provision came into force on 1 June 2020.
However, due to the COVID-19 situation, the CBDT (Central Board of Direct Taxes) deferred the start date to 1 October 2020, and the charitable institutions had to re-apply for registration by 31 December 2020. On the 26 of March 2021, the CBDT notified the Income-Tax (6th Amendment) Rules, 2021 that states the procedure for fresh registration and the list of documents required for organisations registered under Section 12A/12AA/80G.
The Income-Tax (6th Amendment) Rules, 2021, came into force on 1 April 2021. Thus, the institutions and trusts with existing registrations under Section 12A/12AA or/and 80G should file the application for fresh registration within three months from 1 April 2021, i.e. before 30 June 2021, as per the Income-Tax (6th Amendment) Rules, 2021.
Procedure of Revalidation Under Section 12A and 80G
In order to claim exemption, a charitable or religious trust or institution, including an NGO, should make an application to the Principal Commissioner of Income Tax or Commissioner of Income Tax online in Form 10A. The procedure of applying for revalidation/registration are mentioned below:
Log in to the E-filing portal of the IT department.
Go to the ‘Income Tax Forms’ under the e-File tab.
Choose the Form Name as ‘Form 10A’ and select the relevant Assessment Year from the drop-down list.
Choose the ‘Prepare and Submit Online’ option in the submission mode.
Fill in all the details required in the form and attach the applicable attachments.
Submit the form using EVC (Electronic Verification Code) or Digital Signatures as required during return filing.