What are the eligibility criteria for organizations to apply for 80g registration in india
To be eligible for 80g registration in india, an organization must align with the income tax acts stipulations. Non governmental organizations (NGOs), trusts, section 25 companies and societies can apply for this registration. The organization must be engaged in charitable or welfare activities and its primary objective should be to benefit society at large. Additionally the organization must have a governing body, be transparent about its finances and maintain proper accounting records. The organization's activities should also be in line with the objectives mentioned in its memorandum of association (MoA). Lastly, it must not have any profit making motives, either directly or indirectly and cannot use its income for personal gains or that of its members.