Why Is NGO Registration Required?

1: Credibility: Registered NGOs gain credibility, attracting donors, collaborators, and supporters. Registration lends authenticity to the organization’s mission.

2: Operational Development: NGO registration enables local operations to expand, leading to greater exposure and increased community impact.

3: Resource Expansion: The scope of financial and human resources expands as NGOs become eligible for income tax exemption, making them more appealing to potential volunteers and contributors.

4: Tax Benefits: NGOs registered under the Income Tax Act of 2013 in India enjoy various tax benefits, contributing to financial sustainability.

5: Asset and Liability Management: Registered NGOs can own assets, incur liabilities, and manage interest-earning claims, providing a solid foundation for organizational growth.

6: Stamp Duty Exemption: Section 8 companies are exempt from stamp duty, offering additional avenues for tax savings and resource allocation.