The main purpose of the NGO is to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare, sports, research etc. The profits/ income of the company if any is also applied towards promoting the objectives of the company and are not distributed as a dividend to the shareholders. That is Why it is also termed as Not-for-Profit Organsation.
NGOs raise money from donors, who may or may not receive tax breaks on their donations. In India, an NGO can be set up as a Trust, Section-8 company or a society.
We FinTax, helps to register your NGO with right option as per your requirement, future plan and feasibility.
What Next after Registration?