80g registration and reporting obligations
Upon getting registered with 80g, a donor is entitled to tax benefit and an ngo must comply with some regular reporting guidelines. Financial statements must be correct and each year, organizations need to let the Income Tax Department know about their incomes and expenses. It is important to be open for proving compliance and accountability. Any fundraising ngo should account for the spending of donations on charity. Following these duties increases trust across the group which keeps the organization stable and alive.