Get Section 8 Company Registration Online in India

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LEGAL PILLERS
SECTION 8 COMPANY REGISTRATION
WWW.LEGALPILLERS.COM
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CONTENT
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ITR FILING FOR SECTION 8 COMPANIES
KEY POINT TO CONSIDER WHEN FILING FOR ITR FOR
SECTION 8 COMPANIES
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REQUIREMENT OF ITR FILING FOR SECTION 8 COMPANY
REGISTRATION ONLINE
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LEGAL PILLERS ITR FILING PROCESS FOR SECTION 8
COMPANIES REGISTRATION
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ITR FILING FOR SECTION 8 COMPANIES
The Section 8 company Registration in India and
is also referred as"not-for-profit" or
"non-profit" company. It is usually licensed
under Section 8 of the Companies Act 2013. They
are established for charitable or non-profit
reasons. They do not give earnings to members.
Instead, any revenue generated is used to fund to
promote the organization's goals.
When you need to file income tax returns (ITR)
for Online Section 8 Company Registration in
India it is common to make use of ITR Formula
ITR-7. ITR-7 is designed specifically for
companies that have to submit returns in
accordance with the sections 139(4A), 139(4B),
139(4C), or 139(4D) of the Income Tax Act, 1961.
Section 139(4A) applies to trusts for religious
or charitable purposes that include Section 8
companies.
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KEY POINT TO CONSIDER WHEN FILING FOR ITR FOR
SECTION 8 COMPANIES

• ITR-7 requires detailed details regarding the
  activities like amount of income and expenditure
  of charity or non-profit carried out by the
  Section 8 business.
• Companies that are incorporated under Section 8
  could be qualified for tax exemptions under
  Sections 11 and 80G under the Income Tax Act.
• Digital Signature is required to acquire a
  digital signature certification (DSC) to permit
  the signer to electronically file the ITR-7.
• Be aware of deadlines to file your ITR, that can
  change each year to avoid interest and penalties.
• Make copies of any supporting documentation,
  including the financial statement, reports of
  audit and registration certificates.
• Section 8 companies have reporting and disclosure
  obligations beyond regular businesses.

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Requirement of ITR Filing for Section 8 Company
Registration Online
The filing of ITRs (ITR) to Section 8 companies
within India requires a variety of rules and
considerations. These are the most important
rules and guidelines to take into consideration
when filing ITRs in a Section-8 firm
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PAN CARD CHECK
KEEP ACCURATE RECORDS
PICK THE RIGHT FORM (ITR-7)
SEE IF YOU QUALIFY FOR EXEMPTIONS
KEEP SEPARATE ACCOUNTS
CHECK AND SUBMIT
FOLLOW OTHER LAWS
Ensure your Section 8 company has a PAN
(Permanent Account Number). Its like an ID for
all financial transactions related to taxes.
Section 8 companies usually use a form called
ITR-7 for filing tax returns. Youll find it on
the Income Tax Department website.
Maintain clear financial recordslike income,
spending, and balance sheets. These records help
in preparing tax returns.
Section 8 companies might get tax exemptions
under certain sections. Check if you meet the
criteria and have the needed documents for
exemptions.
Separate the money used for charitable activities
from other earnings. This helps figure out what
parts of your earnings are tax-deductible or
exempt from tax.
Review the form and submit it online through the
Income Tax Department's portal. You might need an
electronic signing certificate (DSC) if you're
authorized to sign.
Make sure you're following other laws like The
Companies Act, 2013, and any state-specific rules
for Section 8 companies.
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LEGAL PILLERS ITR FILING PROCESS FOR SECTION 8
COMPANIES REGISTRATION
Consultation and Analysis- We conduct a detailed
analysis of your Section 8 companys financials,
identifying relevant tax implications and
obligations.
Documentation and Preparation- Our experts
compile and organize the necessary documents,
preparing accurate ITR filings aligned with
Section 8 company regulations.
Filing and Compliance Verification- We submit ITR
forms and verify compliance, ensuring adherence
to statutory requirements.
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Legal Pillers C-49, near Bikaner, East Krishna
Nagar, Krishna Nagar, Delhi, 110051
info_at_legalpillers.com 91 9267941961 91
9625279785