The CBDT circular announcing the due date extension specifies that the due date itself, as provided under Section 139(1), has been extended from July 31, 2025, to September 15, 2025
The CBDT circular announcing the due date extension specifies that the due date itself, as provided under Section 139(1), has been extended from July 31, 2025, to September 15, 2025
NGO
Section 8 Company
A Section 8 Company is a special type of non-profit organization registered under the Companies Act. It’s formed with the purpose of promoting charitable causes like education, art, science, sports, environment protection, social welfare, or any activity for the benefit of society. Instead of sharing profits, everything earned or donated is used to support the organization’s objectives.
Society
A society is a group of people who come together to work on a common cause—be it social, cultural, or charitable. Registered under the Societies Registration Act, it’s ideal for clubs, welfare groups, or community initiatives that want a formal structure to their efforts.
Trust
A trust is a legal arrangement where one person (the trustee) holds and manages property or assets for the benefit of others (the beneficiaries). It’s commonly used for charitable work, estate planning, or running NGOs and can also help in reducing tax liabilities legally.
80G & 12AA Registration
NGOs can apply for 80G and 12AA registration to get tax exemptions.
80G allows donors to get tax benefits for the donations they make.
12AA helps the NGO itself get income tax exemptions.
Together, these registrations boost donor confidence and help the organization operate more efficiently.
Return Filing
Every taxpayer needs to report their income and taxes to the Income Tax Department. This is done by filing an income tax return, which shows how much you earned, how much tax you paid, and whether you’re eligible for a refund or owe more.
Financial Statements
Financial statements are detailed reports that show a company’s financial health. They include income, expenses, profits, assets, and liabilities. These are essential for audits, tax filings, loan approvals, or attracting investors.
NITI Aayog Registration
NGOs looking to work with the government or access grants must register with NITI Aayog. This platform helps monitor projects, align them with national priorities, and build partnerships with policy-makers, think tanks, and international agencies.
CSR-1 Form
India is the first country to make Corporate Social Responsibility (CSR) a legal requirement. NGOs must file Form CSR-1 to be eligible to receive CSR funds from companies. It’s the first step for any organization wanting to participate in CSR projects under the Companies Act, 2013.
FAQ
Outsourced bookkeeping is the practice of assigning your financial record-keeping tasks to an external expert, reducing the need for a dedicated internal accounting staff.
When a professional handle the job, the results are accurate, error-free, and less risky. It also reduces the chances of penalties, demands, and notices from any government department.
By outsourcing your bookkeeping, you eliminate the need for lengthy hiring processes and avoid spending valuable time and money on training bookkeepers, accountants, or financial controllers. In short, you save time and can focus more on growing your business.
No. You actually have more control since you’ll have accurate, up-to-date financial statements at your fingertips.
If you expect your accountant to also visit the bank, dispatch goods, make coffee, and handle miscellaneous tasks throughout the day, don’t be surprised if they don’t stick around — chances are, they’ll resign sooner than you think.