What Are Benefits Of Registering As An NGO In India?
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Tax Exemptions: Registered NGOs can qualify for income tax exemption under sections 12A and 80G. This allows them to keep more funds for their social causes.
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Separate Legal Entity: Registration establishes the NGO as a separate legal entity, limiting personal liability of its members for the organization's actions.
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Credibility & Trust: A registered NGO fosters public trust and legitimacy, attracting more donors, volunteers, and potential partnerships.
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Access to Funding: Registration allows NGOs to apply for government grants and access concessional loans from financial institutions.
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Right to Property: Registered NGOs can hold property in their own name, facilitating land or building ownership for their activities.
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Organized Structure: Registration encourages a well-defined structure and governance framework, promoting transparency and accountability.
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Easier Fundraising: Registration enables NGOs to open bank accounts specifically for donations, simplifying the fundraising process.
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Eligibility for Foreign Funding: Certain registrations allow NGOs to receive foreign contributions, expanding their resource pool.
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Perpetual Succession: Registration ensures the NGO continues to exist even if its members change, promoting long-term stability.