NGO and Non-Profit Accounting Services - Overview
📌 TL;DR - NGO and Non-Profit Accounting Services at a Glance
NGOs in India must hold active Section 12AB registration (income tax exemption), Section 80G(5) registration (donor deductibility), FCRA registration for foreign funds, and CSR-1 for corporate grants. Annual compliance includes ITR-7 by 31 October, Form 10B audit (if gross receipts exceed Rs 5 crore), and FCRA Form FC-4 by 31 December. Patron Accounting provides full NGO compliance from Rs 3,500 per month.
Non-profit accounting in India requires far more than maintaining donation registers. A charitable trust receiving CSR grants must hold a valid CSR-1 registration number. An NGO receiving a foreign donation without FCRA registration commits an offence under the FCRA, 2010. A trust that allows its Section 12AB registration to lapse will find all donations taxable until re-registration.
NGOs, charitable trusts, societies, and Section 8 companies operate under a specialist compliance framework distinct from commercial entities. Income tax exemption requires Section 12AB; donor deductibility requires 80G(5); foreign funding requires FCRA; and CSR grants require Form CSR-1. Patron Accounting manages the entire compliance lifecycle.
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