MANDATORY COMPLIANCES FOR NGOS – AUDIT, FORM 10BD, FORM 9A, FORM 10, FORM 10AB, ITR

Running a charitable organization is itself a task which involves lots of compliances. Complex & regular changing compliances for charitable organizations makes it difficult to cope with them. We team TAX DELIVER Compiles all the compliances list for you at a single place.

1) Tax Audit (Applicable for organizations holding 80G12A registration whether provisional or final)

Tax Audit is applicable if gross receipts are more than 2.5 Lacs during the year in 80G12A Cases.

Due date – 30th September 2023

2) Statutory Audit (Applicable only for Section 8 Company)

Statutory Audit is applicable for all Section 8 Companies, whether activities commenced or not, even in case of Nil receipts.

Due date for – 30th September 2023

3) Form 10BD (Applicable for organizations holding 80G12A registration)

List of all donors is required to filed under this statement by all NGOs

Due Date – 30th June 2023

4) Income Tax Return (ITR) –

Mandatory to file by everyone –

Due Date –  For Any Audit Cases – 31st Oct 2023,

For Non-Audit Cases – 31stJuly 2023

5) Form 9A –

Statement required to file if funds are not utilized till end of year due and the same will be utilized in next year.

Due Date – 31st August 2023

6) Form 10 –

Statement required to be filed if NGO accumulates fund for any project and will expense off same in coming 5 Years.

Due Date – 31st August 2023

7) Form 10AB

(Application for Final Registration) –

It is required to be mandatorily filed within 6 months of commencement of Activities or 3 years of provisional registration whichever is earlier. Failing in same can attract Section 115TD, it will make accreted income taxable @30%.