The term startup is considered as the business entity which is in its initial stages of operations. The startups are founded by either a single or more than one of the entrepreneurs who intend to provide products/ services to the public for which they believe there is a demand. So, such businesses will be starting with increased costs along with limited reve...
Are you a social entrepreneur searching for ways to make a transformation? But not sure about the tax implications involved as well as the fundraising. If, yes section 12A & 80G of income tax is here for your rescue. Are you the founder of an NGO, fund manager, or big-hearted donor, you should know why it is crucial to register your NGO with 12A & 80...
The Indian country has become the hub of startups in the whole of the ecosystem of the world. Infact, this country is standing as the 3rd having around 90,000 startups as well as more than 100 unicorn businesses with a worth of $ 30 billion. So, the government of India has started and is also promoting the startup initiative for assisting the aspiring of the...
start the NGO, you will need 80G/12A Registration, and specifically the 80G certification will benefit the donors. In comparison to the 12A certification, which will help the NGO in seeking the exemption from taxation under section 80 A, income tax. So, the 80G licensing, as well as the 12A registration, is holding the applicability with respect to the NGO a...
Starting your business is quite rewarding in the country as the nation is thriving well on the startup ecosystems as well as the larger consumer base which is pushing even the small of ventures in the forward direction. However, while navigation of the legal as well as regulatory the needs are quite challenging. This is especially true for startups as there ...
The 80G & 12 A registration process is assisting the NGOs in seeking income tax exemption. So, this type of exemption is rendered to the non-governmental organizations along with the donors. So, this is quite crucial to seek certification fast once the incorporation of the non-governmental organizations is taking place. So, the main goal of the 80 G/ 12A...
The Income tax authorities will be issuing the 80G certification to the NGO, non Non-governmental organization. So, this is in the form of the charitable trust, or section 8 of the company. So, the 80G certificate will be facilitating the donors for contributing the cost to the NGOs. So, through the making of contributions to an entity like an NGO, the donor...
In earlier times, the Government of India came up with the most flexible as well as lenient approach to the NGOs. But things have changed over the years, and now the Governmental authorities have transformed the position by opting for a more stringent as well as a streamlined system for exerting stringent control. Most of the charitable institutions as well ...
Are you a social entrepreneur, working for a cause and looking for a chance, but still worrisome about the complicated tax implications as well as fundraising, if yes, then look no further than sections 12A & 80g , Income Tax Act provisions. Whether you are managing an NGO, managing funds, or coming under the category of a big-hearted donor, make sure to...
Are you struggling to keep yourself up to date with the constantly transforming digital marketing landscape of today? no need to be stressful as its not only who has problem . According to research studies, there are more than 45% of marketers have been foreseeing the digital landscape for the past few years and more than 55% of their marketing budget has be...
Owing to advancing technology, there has been fast paced and crucial transformation taking place in all industries including accounting.All organizations that are looking forward to stay ahead of growth curve must know about all the transformation and what it is meant towards their bottom line. Read also this -: https://clientaccountingadvisoryservices.blogs...
india has already been part of the ecosystem of startup hubs globally. In fact, the country is ranked 3rd with as high as more than 90,000 startups as well as 107 of the unicorn organizations worth $ 30 million. So, the Government of India has been taking the initiative of promoting the Startup India program that has been assisting aspiring and ambitious ent...
