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TAN Registration

TAN (Tax Deduction and Collection Number)

TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government.

How to Apply for TAN?

An application for TAN could be made by submitting form 49B at TIN*(Tax Information Network) facilitation centers. Find your nearest TIN facilitation centre with biometric-based facility.

TAN is allotted to applicants by income tax department. TAN could be applied by making an online application or in person by visiting the income tax department.

Application for TAN can be made using form 49B.In case of in-person applications, there’s no need of furnishing any supporting documents to the Department. However, in case of an online application, an acknowledgement which is received after the application has been submitted in form 49B needs to be furnished to the department as a proof.

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Application Procedure (Online)

  1. An applicant for TAN needs to be filled in Form 49B online.
  2. In case there’s an error, it needs to be rectified and the form needs to be re-submitted.
  3. A confirmation screen with data filled which is provided by the applicant would be displayed.

       4.The applicant can edit or confirm the same

Acknowledgement

1. Once the confirmation is provided by the applicant, an acknowledgement screen would be displayed.

This acknowledgement would consist of:

a. A unique acknowledgement number of 14-digits

b. Name and contact details of the applicant

c. Status of applicant

d. Details with respect to payment

f. Space for signature

2. Applicants should save and print this acknowledgement

After NGO registration am I eligible for government funding?

In general practice you will be eligible for government funding after 3 years of successful NGO registration. However, in certain special cases if the NGO can get project approvals government funding can be acquired after just one year of NGO registration.

What is the minimum member requirement for NGO registration?

Following are the minimum no of member required for NGO registration;

1. For Trust, minimum 3 members are required. One Assignee and minimum two trustees.

2. For Society, minimum 7 members are required. However, if the society is registered on national level than 8 members are required from different states.

3. For Section 8 Company, minimum 2 members are required.

Can a newly registered NGO apply for FCRA registration?

In general practice FCRA registration can be applied only after expiry of 3 years from the date of NGO registration. However, after successful NGO registration the entity can apply for 'prior approval' under FCRA regulation for accepting foreign remittance. In order to apply for prior approval following conditions must be satisfied;

1. The foreign grant will be remitted by a specific contributor.

2. Such grant will be utilized for a specific project.

3. NGO must be in possession of a approval letter issued by such contributor.

What are the factors to consider while selecting a name for NGO registration?

The most important point of consideration before initiating the NGO registration procedure is finalizing a name for the proposed NGO. Following factors must e considered in the process;

1. The proposed name must not violate any of the provisions of The Names and Emblems (Prevention of Improper Use) Act 1950.

2. The proposed and must not be obscene or shall not indicate any kind of mis-regard to any section of society or group of people.

3. The name for the proposed NG registration must not indicate any kind of affiliation to any government body.

4. Name must not be similar to any already registered entity in that particular category.

Who can become a member at the time of NGO registration?

Following person can become a member at the time of NGI registration;

1. Any resident individual.

2. Any foreigner can also subscribe to the incorporation document.

3. Any registered partnership Firm or limited Liability Partnership.

4. Company registered under Companies act, 2013.

5. Any registered society.

Is there any tax exemptions granted after NGO registration?

Yes after NGO registration is completed you are recommended to apply for 80G and 12A registration under Income Tax Act, 1961. These registrations ensure dual tax exemptions, to the NGO as well as to its donors.

NGO Registration under section 8 Company

NGO Registration can also be done in the form of a Section 8 Company under Companies Act, 2013. Unlike any other company, Section 8 Company is not allowed to issue any kind of dividend to its shareholders. As they are formed for charitable purpose any profits earned are reinvested in the organization for furtherance of its main objects.

  • Basic Features

  • Section 8 Company is regulated by the provisions of Companies Act, 2013.
  • Minimum 2 directors are required to incorporate a Section 8 Company.
  • Minimum two promoters are required. Promoters (shareholders) can be same person who are appointed as directors.
  • Before filing final application for incorporation name of the proposed NGO must be approved. An application for the same is required to be submitted through RUN service.
  • All the operating principles along with clear defined rules and regulation must be mentioned in the memorandum of association and articles of association of the section 8 Company.