Your Not-For-Profit Dream. Realised.
@ Rs. 19,999*
*Subject To Change On Market Conditions
An NGO or a Not For Profit organization or a Trust can be created to endorse for any useful missions such as sports, education, research activities, animal rescue or shelters, orphanage and rehabilitation centers and more. The term Not for Profit does not state that this NGO or Trust is not permitted to generate profit or an income, but the action to apply the said income into the promotion of their mission and goodwill work. The income or profits of an NGO/Trust are not meant to be distributed to the promoters or shareholders.
What is Non Profit Organization (NPO)?
- That is established for a public purpose, and
- Where its income, profits, and property are not distributed to the members or office bearers, except for the purpose of reasonable compensation for their services rendered.
In India, an NGO refers to all non-profit organizations including Trusts, Societies and Section 8 Companies. An NGO is also known by the names of “Sangathan”, “Sangh”, “Sangam”.
An Income Tax exemption is available for all non-profit NGOs while donations made to such NGOs are available for Income Tax rebate.
Benefits of registering your NGO or Trust
- It enhances the credibility of the company because NGOs account for a public office.
- Brings the ways of a formal system into the organization, thereby streamlining the operations.
- Help keep a sense of accountability on all the members and the organization.
- Avail of several tax exemptions and funding opportunities from CSR initiatives and tie ups or donations.
Donations made by individuals to the non-profit organizations are tax-deductible.
Documents Required for a Trust & Trustee
- Trust Deed on a Proper Stamp Paper
- 2 Photographs of The Managing Partners
- PAN Cards of Both Such Partners
- ID Proof of each of the Managing Partners
- Address Proof of the Partners
- A signed declaration of authority from each of the Partners