Exploring the Benefits of 80g for Non Profit Organizations
Section 80g of the Income Tax Act gives huge benefits for non profit organizations in India encouraging charitable contributions. By acquiring 80g certification ngos can entice more donors as contributions made to them become eligible for tax deductions improving donor incentives. This boosts funding and fosters a tradition of giving. Additionally the visibility and credibility received through 80g registration can help ngos build stronger relationships with stakeholders and make bigger their outreach in the end allowing them to make a extra social effect.