Ngo Formation-formation Of A Non-profit Organization
A Non Governmental Organization (NGO) is an association of a body of individuals with a non-profit motive
. An association of persons with non-profit motive i.e. NGO formation can be done under some Indian Acts. NGO formation can be done as charitable trust, as a Company licensed under section 25 of the Companies Act or as a Society registered under the Societies Registration Act. Company registration India provides NGO formation services also. NGO formation is exempted from any kind of taxes because any income of any institution set up for the charitable purposes is exempt. To avail exemptions under certain clauses one should fulfill some requirements. After NGO formation in India if you want to avail tax exemptions then you have to make an application in Form No. 56.Then Apply its income or accumulating it for application, wholly & exclusively to its objects. And at last Notice of accumulation u/s 11(2) will have to be given to the assessing officer in Form No. 10.
As it is understood that Company is a separate legal entity which is registered under the companies act. Every country is having different procedure and some steps to be followed for registration. New Company registration in India is registered under the Indian Companies act 1956. It is always advisable to New company registration in India as it will legally benefit organization. IPO listing means initial public offering. An IPO provides an alternative to relying on bank funding and frees the company from fixed repayment commitment. IPO listing Enhances image and status of the company.
One can start trading as soon as he gets his company registered, but he cannot charge or reclaim VAT until he has completed the VAT registration process and has been issued with a VAT registration number.
Company registration India provides hassle free easy online VAT registration.
Online VAT registration becomes necessary if you want to reclaim VAT.
Company registration India gives you easy and fast online VAT registration so that you can enjoy maximum profit by reclaiming your VAT.