ITR5-(NGO w/o 12A)
Overview
NGOs (Non-Governmental Organizations) without 12A registration can still file Income Tax Returns (ITRs) under Section 139(4A) of the Income Tax Act, 1961.
Benefits
Compliance with legal obligations
Accountability to stakeholders
Tax planning for non-exempt income
Avoidance of penalties
Access to grants and funding
Documents
- Aadhar Card
- Pan Card
Deliverables
Prepare financial statements, balance sheets.
Compile income, expenditure details.
Submit Form ITR-7.
Pay taxes on non-exempt income.
Ensure tax compliance, meet deadlines.
Maintain records for audit.
Adhere to legal NGO requirements.
ITR5-(NGO w/o 12A)
