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July 16, 2020

Satkriya Services

NGO Management

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Introduction:

80G certificate is one that’s granted to certain not-for-profit organization by the tax department, granting their donors the power to avail of a tax write-off on donations. As per latest amendments proposed in Finance Bill 2020, deduction under this section to a donor shall be allowed as long as a detailed statement is submitted by the donee in respect of donations received and within the event of failure to submit that, fee and penalty shall be levied. The statement shall be filled by the not for profit organizations having 80G certificate specifying the name of the each donor within the statement. As of now 80G forms for return are yet to be published and can be available as an when the forms are issued.

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