Charitable trust is a kind of institution or a business that falls under the category of NPO or non-profit organization. This type of organization is often called a foundation or charity. ATMA Foundation is a Registered Charitable Trust in Kerala committed to empowering individuals and families to lead happier lives with healthier relationships, and to bring positive change in the community.
Benefits of 12A Registration
The benefits of Section 12A Registration are the following:
- The fund used for charitable or religious purposes is considered to be the application of the income. The income application refers to the expenses used for charitable or religious purposes for calculating the taxable income of the not-for-profit organisation.
- The income received will be free from the charge of Income Tax.
- The person who is registered under Section 12A can avail benefits for accumulating or setting aside income. However, the income which is set aside should not be more than 15% of the amount applied towards charitable or other non-commercial purposes.
- The accumulation of income which is considered to be the income application shall not be included in the assessee’s total income.
- NGOs are entitled to receive grants as funds from domestic and international sources. These agencies are entitled to provide grants to NGOs which have obtained registration under this section.
- The registration which is granted under Section 12A shall be treated as a one-time registration. Once the registration is made, the registration will be active until the date of cancellation.
- There is no requirement to renew the registration periodically. Hence, the registration benefits can be claimed NGO as and when the requirement arises.
Benefits of 80G Registration
- 80G certification enhances the prospects and credibility of any organisation
- Donors reap the benefits of less taxable incomes
- Possibility of attracting more donors
- Eligibility to get government funds
- NGO owners can seek foreign contributions without many hassels
Atma Foundation Empower individuals, families and social groups to lead happier lives with healthier relationships and serve less privileged fellow beings with love, by fostering intrapersonal and interpersonal harmony and fight towards a world where all people live with dignity.
For more information please click www.atmafoundation.org
Contact Us
ATMA Foundation
Surya Gardens, Paliyam Rd, Near Vadakke Stand,
Thrissur, Kerala 680001
Related Links
12a charitable trust in India
80G NGO Trust in India