Section 8 Company
Ryot Associates provide section 8 company registration in Coimbatore, Tirupur, Erode, Namakkal, Chennai and all other places in Tamilnadu. It is a non-profit organisation started for the charitable purpose. It is same as like as trust or society which is registered for charitable purpose in India. Any person wish to promote any of the activities like arts, science, sports, commerce, education, research, social welfare, religion, charity and protection of environment or any such other object without any profit may go for this type of organisation which is registered under section 8 of the companies act, 2013.
All the registration process is as like as private limited company registration with additional approval to be obtained from RD.12A for section 8 company
This is a one time registration under income tax act to get exemption from paying income tax on surplus of income earned by the section 8 companies. This can be obtained by applying with income tax authorities after the incorporation of section 8 company.
80G for section 8 company
This is a one time registration under income tax act which exempt a person making donation from paying income tax on full or part of the donation provided to section 8 companies. This registration will allowed the donor to claim a deduction on part or full of the donation under section 80G of the income tax act.