Why Every NGO Needs an 80g Certificate for Sustainable Growth
Why 80g Certificate of Sustainable Growth is necessary in all ngos Non-Governmental Organizations (NGOs) have a significant role to play in solving social, environmental, educational and health challenges across the globe. In India, where charitable work is done by a large part of the population, ngos are essential intermediaries between government action and the needs of the communities. But the success and sustainability of these organizations mainly hinge on how well they can raise money and hold the confidence of their donors. Obtaining the 80g certificate issued by the Income Tax Department is one of the most effective instruments that ngos can use to realize sustainable growth. Some knowledge of the 80g Certificate. Income Tax 80g of the income tax act, 1961 allows donors to take tax deductions on contributions made to some charitable organizations. An ngo which receives an 80g certificate, is entitled to provide this tax benefit to its donors. This certificate basically ce...