Non-government Not for Profit Organisations : A Non-GovernmentalOrganization (NGO) is a not-for-profit organization that is independent from states and national governmental organizations. They are usually funded by donations but some avoid formal funding altogether and are run primarily by volunteers. NGOs are highly diverse groups of organizations engaged in a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be registered for tax exemption based on recognition of social purposes. Others may be fronts for political, religious, or other interests.
NGO’s working in India, may be established for charitable purpose or for religious purpose or for both charitable and religious purpose. A Sole motive behind establishing a not for profit organization is to provide awareness of something or do something for public at large without any personal profits. There are numerous examples that apart from government organization which are providing basic need to the society, there are number of volunteers who are also providing these services to public at large for free of cost or at concessional rates.
CO-Operative Societies : A Co-operative is an autonomous association of people united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled business.Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use their services; by the people who work there; by the people who live there; hybrids such as worker cooperatives that are also consumer cooperatives or credit unions; multi-stakeholder cooperatives such as those that bring together civil society and local actors to deliver community needs; and second and third tier cooperatives whose members are other cooperatives.
Though both the organization are working for the people, however, there are numerous compliance which needs to be followed by the organization which are not known to the said organization, resulting non-compliances of statutory requirements which lead to cancellation of their registrations or exemptions by the government authorities. We provide extensive services to the said organization from registration to doing proper compliances with the authorities. We provide the multitude of services related to NGO’s / Co-operative Societies :
Registration under Society Registration Act, Co-operative Society Registration Act, Indian Trust Act and Income Tax Act
Registration under FCRA and compliance thereunder
Obtaining tax exemption certificate u/s 80G and u/s 35AC
Maintenance of Statutory Records
Liaison with government authorities
Preparation and e-filing of returns, wherever needed