Need Help? Get Expert Assistance
File Your ITR before due date to avoid penalty. We are available 24*7 Hours
Income Tax Return Filing for NGO
NGOs, despite their non-profit nature, are subject to taxation regulations. Filing income tax returns ensures transparency, accountability, and compliance with legal obligations. By adhering to these regulations, NGOs can uphold their reputation, maintain donor trust, and avoid potential legal repercussions. Income Tax Return Filing for NGO is mandatory in nature. Contact us to file your ITR.
fee for ITR filing
for NGO
₹
4,999 Onward
-
You will get Computation, Acknowledgment and Filed ITR Form
- Submit Documents
- Make Payment
- Get Your ITR Filed within 1Hrs.
Income Tax Return Filing for NGO's : Introduction
In the realm of India’s nonprofit sector, Non-Governmental Organizations (NGOs) play a crucial role in addressing various societal issues, from education and healthcare to poverty alleviation and environmental conservation. However, like any other entity, NGOs are not exempt from their financial responsibilities, including income tax return filing. Understanding the intricacies of income tax for NGOs is essential to ensure compliance and maintain their social impact. This article delves into the nuances of income tax return filing for NGOs in India, shedding light on the key aspects that these organizations need to consider.
Income Tax Return Filing for NGOs: Due Date
Non-governmental organizations (NGOs) are required to file income tax returns in India, irrespective of their income or loss. The income tax return form for NGOs is ITR-7.
The due date for filing income tax returns for NGOs is as follows:
- If the NGO is required to get its accounts audited, the due date is 30 September 2023
- If the NGO is not required to get its accounts audited, the due date is 31st July 2023
Documents Required for Income Tax Return Filing for NGOs:
he following documents are required to file income tax returns for NGOs:
- Income and expenditure statement for the previous year
- Balance sheet for the previous year
- Audit report (if applicable)
- PAN card of the NGO
- TAN card of the NGO
- Trust Deed
- Bank statement
FAQ on Income Tax Return Filing for NGOs
What is the due date for filing income tax returns for NGOs?
The due date for filing income tax returns for NGOs is as follows:
- If the NGO is required to get its accounts audited, the due date is 30 September 2023
- If the NGO is not required to get its accounts audited, the due date is 31st July 2023
What happens if an NGO fails to file income tax returns?
Failure to file income tax returns can result in penalties and loss of tax benefits. It’s essential to adhere to the filing requirements.
How can I file income tax returns for NGOs online?
NGOs can file their income tax returns online through the Income Tax Department’s e-filing website. To do this, you will need to create an account on the e-filing website and then log in using your PAN card number and password. Once you are logged in, you can select the “ITR-7” form and enter the details of your NGO. You can then upload the required documents and submit your return
How can I file income tax returns for NGOs offline?
NGOs can also file their income tax returns offline by submitting the hard copies of the required documents to the Income Tax Department. To do this, you will need to download the ITR-7 form from the Income Tax Department’s website and fill it in carefully. You will then need to attach the required documents and submit the form to the nearest Income Tax Department office.
What are the benefits of filing income tax returns for NGOs?
There are several benefits to filing income tax returns for NGOs, including:
- It helps to ensure that the NGO is complying with the law.
- It can help the NGO to obtain tax exemption.
- It can help the NGO to attract donors.
It can help the NGO to improve its financial management.