Benefits of 12A,80G and FCRA Registration

• Registration 12A:

1. Taxation exemption for income of NGOs.

2. Benefits in taking grants from abroad, government, and other agencies.

3. Availing benefits of FCRA Registration.

• Registration 80G:

1. The donor of NGOs with 80G certification can enjoy the benefits of tax exemption on donation.

2. It attracts more donations to the NGOs.

• Benefits of FCRA :

1. Good for Reputation: FCRA registration is always going to help the reputation of the organizations. This also ensures that the NGOs get transparent fundings from foreign entities.

2. Compliance: FCRA-registered entities are compliant with the norms for the regulation of foreign funding.

3. Support from Government: If an entity is registered under FCRA then it gets ample supports from foreign government head offices and Indian agencies. In case, of any discrepancy related to foreign funds, these companies can easily reach the government to intervene and resolve the issues.

4. Foreign Investment: This is self-explanatory as an FCRA registered entity gets ample financial support due to ease of foreign funding.

About

1. 80G: Section 80G of the Income Tax Act, 1961 in India allows donations made to specified funds and charitable institutions to qualify for tax deductions.

2. 12A: Section 12A of the Income Tax Act, 1961 deals with the registration of trusts, institutions, and NGOs for availing tax exemptions.

3. FCRA: The Foreign Contribution (Regulation) Act (FCRA) in India regulates the acceptance and utilization of foreign contributions or donations by individuals, associations, and NGOs..

4. FCR FRML: This acronym might refer to the "FCRA Annual Return Filing" or a similar term related to the annual reporting and compliance requirements under the FCRA.