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Running a Non-Governmental Organization (NGO) requires constant attention not only to its core mission but also to its legal and regulatory obligations. Once your NGO is established, it’s essential to maintain compliance with various laws, regulations, and tax norms to ensure smooth operations and avoid legal issues. Annual compliance for NGOs is crucial to ensure that your organization continues to operate legally, maintains its tax-exempt status, and meets the necessary governmental requirements.
In Wazirabad, Delhi, ASH Startup Filing provides expert consultancy services for annual compliance for NGOs. Our team of professionals understands the legal complexities involved in NGO management and ensures that your organization stays compliant with all necessary laws and regulations. This article will walk you through the importance of annual compliance for NGOs, the specific services we offer, and the key tasks involved in staying compliant year-round.
Annual compliance for NGOs refers to the various legal, financial, and regulatory obligations that an NGO must meet every year to remain operational and legally recognized. These obligations are imposed by the government, tax authorities, and other regulatory bodies. Failure to meet these requirements can result in penalties, revocation of tax exemptions, or even the dissolution of the organization.
At ASH Startup Filing, we guide NGOs through the entire process of annual compliance, ensuring that they meet all legal deadlines and requirements without hassle. Whether it’s filing tax returns, submitting annual reports, or ensuring that your organization’s financial statements are in order, we provide expert services to keep your NGO compliant.
Filing of Income Tax Returns (ITR): One of the most crucial aspects of annual compliance for NGOs is the filing of Income Tax Returns (ITR). NGOs registered under Section 12A and 80G of the Income Tax Act, 1961, are eligible for tax exemptions. However, to retain this status, they must file their annual income tax returns within the prescribed deadline, even if they don’t generate taxable income. The ITR filing process ensures transparency in the financial operations of your NGO.
The charges for NGO compliance often include assistance with ITR filing. Our experts at ASH Startup Filing ensure that your NGO’s accounts are properly maintained, and the ITR is filed on time to avoid any penalties.
Filing of Annual Returns: NGOs registered under the Societies Registration Act or Trusts Act must file annual returns with the relevant authority. These returns provide a snapshot of the NGO’s activities, achievements, and financial status over the year. Depending on the state in which your NGO is registered, the filing process and deadlines may vary.
ASH Startup Filing helps NGOs comply with these regulations by preparing and filing annual returns on behalf of the organization, ensuring that all information is accurate and complete.
Auditing of Financial Statements: Regular auditing is a key aspect of annual compliance for NGOs. NGOs are required to have their financial statements audited by a certified chartered accountant (CA) to ensure accuracy and transparency. The audit process also verifies that the funds received are being used for the intended charitable purposes.
At ASH Startup Filing, we assist NGOs in arranging audit services and ensuring that the auditor’s report is submitted to the relevant authorities. This is a mandatory step for maintaining transparency and trust with donors, the government, and the general public.
Renewal of Registration: Many NGOs are required to renew their registration with the relevant government authorities periodically. For example, NGOs registered under Section 12A of the Income Tax Act must renew their registration every five years. ASH Startup Filing helps NGOs keep track of their renewal dates and ensure that the necessary documentation is submitted on time.
Updating Details with Relevant Authorities: NGOs must keep their official records up to date with government authorities. This includes updating details of their board of directors, members, and any changes in the organization’s operations. Failure to provide updated information can lead to non-compliance and penalties.
Our team at ASH Startup Filing assists with filing updates and ensuring that the relevant authorities are kept informed of any changes.
Compliance with Foreign Contribution Regulation Act (FCRA): NGOs receiving foreign funding must comply with the Foreign Contribution (Regulation) Act (FCRA). NGOs must file an annual return with the Ministry of Home Affairs (MHA) and maintain proper records of foreign donations. ASH Startup Filing helps NGOs ensure that they comply with FCRA regulations and file the required returns on time.
Governance and Management Compliance: Maintaining good governance practices is vital for any NGO. This includes holding regular board meetings, maintaining records of these meetings, and ensuring that the organization adheres to its bylaws. Non-compliance with governance norms can lead to a loss of credibility and potential legal complications.
ASH Startup Filing offers governance consultancy services, ensuring that your NGO’s operations are in line with best practices and legal requirements.
Compliance with Other Statutory Requirements: Depending on the nature of your NGO’s activities, there may be additional statutory compliances. These can include GST filing if the NGO is involved in taxable activities, labour law compliance if the NGO has employees, and other specific regulations applicable to the sector in which the NGO operates.
ASH Startup Filing provides tailored services to address these specific compliance needs, ensuring your NGO is fully compliant with all statutory requirements.
The charges for annual compliance for NGOs depend on the type of services required and the complexity of your organization’s operations. Here is an approximate breakdown of the costs involved in annual compliance services:
Income Tax Return Filing: The cost for filing ITR for NGOs typically ranges from ₹5,000 to ₹15,000, depending on the complexity of the NGO’s financial statements and the number of transactions.
Audit Services: The charges for auditing NGO financials generally range from ₹10,000 to ₹25,000, depending on the size and scope of the NGO’s activities.
Annual Return Filing: Filing annual returns with the relevant authorities can cost between â‚ą3,000 to â‚ą8,000, depending on the registration type (Society, Trust, Section 8 Company).
FCRA Compliance: For NGOs receiving foreign funding, FCRA filing services can cost between ₹7,000 to ₹20,000, depending on the volume of foreign contributions and the complexity of the NGO’s FCRA registration.
Other Compliance Services: Additional compliance services, such as GST filing, labour law compliance, and governance consulting, can vary between â‚ą5,000 to â‚ą15,000 per service.
At ASH Startup Filing, we offer customized pricing based on your specific needs. Our goal is to make annual compliance for NGOs affordable and efficient, ensuring that your NGO remains compliant without overburdening your budget.
Expert Consultancy: Our team of experts is well-versed in NGO compliance laws and will guide you through every step of the process.
Timely Compliance: We ensure that all deadlines are met, and necessary filings are done promptly, helping your NGO avoid penalties and legal issues.
Tailored Solutions: Whether you are a small grassroots NGO or a large organization, we offer tailored solutions to meet your unique compliance requirements.
Affordable Services: We provide transparent and affordable pricing for annual compliance for NGOs, ensuring that you get value for your money without compromising on quality.
Ongoing Support: Beyond annual compliance, we offer ongoing legal, financial, and operational support to ensure the continued success of your NGO.
Annual compliance for NGOs is a crucial part of maintaining legal and financial health for your organization. It ensures that your NGO continues to operate smoothly, enjoys tax exemptions, and adheres to all relevant laws and regulations. At ASH Startup Filing, we offer comprehensive NGO compliance services in Wazirabad, Delhi, designed to make the compliance process seamless, affordable, and efficient.
Whether it’s filing your ITR, submitting annual returns, or ensuring FCRA compliance, we are here to help you every step of the way. Contact ASH Startup Filing today for expert guidance on annual compliance for NGOs and ensure that your organization stays on track with all legal requirements, allowing you to focus on your mission and the positive change you seek to bring to society.
