The NGO, Non-Profit Organization plays playing extremely eminent of the role in economic as well as social development. But, the main reason is they lack any stable source of income for the generation of revenue. So, they will be majorly dependent upon grants, donations along with several other types of contributions that are unconditional. So, such contributions will assist in sustaining the operations along with achieving the goals in a prompt manner. Thus, 80G 12A registration serves as the means through which the Governmental authorities will be seeking ways of encouraging contributions towards the non-profit organizations.
Read also this -: https://80g12aregistrationindia.blogspot.com/2023/10/ngo-bene...
The NGO, Non-Profit Organization plays playing extremely eminent of the role in economic as well as social development. But, the main reason is they lack any stable source of income for the generation of revenue. So, they will be majorly dependent upon grants, donations along with several other types of contributions that are unconditional. So, such contributions will assist in sustaining the operations along with achieving the goals in a prompt manner. Thus, 80G 12A registration serves as the means through which the Governmental authorities will be seeking ways of encouraging contributions towards the non-profit organizations.
Read also this -: https://80g12aregistrationindia.blogspot.com/2023/10/ngo-benefits-tax-80g-12a-registration-.html
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