12AB Registration: Key Benefits for Trusts & NGOs
12AB registration is crucial for trusts and NGOs, offering multiple benefits that enhance their financial and operational efficiency. It provides tax exemptions under the Income Tax Act, allowing organizations to utilize funds for charitable activities without tax burdens. This registration also strengthens credibility, making attracting donors easier and securing government or foreign funding. Additionally, it ensures compliance with regulatory requirements, improving financial transparency and accountability.
For more information visit: https://corpbiz.io/12ab-registration
