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Complete Guide to Form 80G and 12A Registrations in India: Importance, Advantages, and Application Process

By eFiling India TeamPosted on June 20, 2024Posted in Income TaxTagged Accountability, Advantages, Application Process, Charitable Organizations, compliance, Donors, Eligible Entities, Financial Sustainability, Form 12A, Form 80G, importance, India, Philanthropy, Registrations, required documents, tax benefits, TransparencyNo Comments

Understanding Form 80G and 12A Form 80G and 12A are certifications issued by the Income Tax Department of India that provide tax benefits to donors and entities. Here’s what they entail: Form 80G Purpose: It allows tax deductions to donors who contribute to charitable organizations. Entities Eligible: Charitable trusts, NGOs, religious institutions, etc. Benefit to […]

Is it Right to Have Bill to Party Different from Sold to Party?

By eFiling India TeamPosted on May 13, 2024Posted in GSTTagged accuracy, Advantages, best practices, Bill to Party, billing flexibility, business transactions, communication, compliance, customer relationships, differentiating, financial management, invoicing processes, Sold to PartyNo Comments

In the realm of business transactions, the relationship between the Bill to Party and the Sold to Party plays a significant role in determining the flow of invoicing, payment responsibilities, and overall customer experience. Let’s explore this topic in detail, focusing on the advantages, considerations, and best practices associated with having these parties differ. Understanding […]