COMPANY INDIA

Main Income Tax Provision Applicable for Section 25 Company

• Incomes earned by Companies Registered under Section 25 of Income Tax Act are taxable under section the provisions of Income Tax Act 1961
• Income Tax Return form of Such Company is Form 3-A
• Due Date of Submitting Income tax Return is 3oth September every year
• Section 12A(b) of the Income Tax Act provides for mandatory audit of
  accounts of such companies provided the total income without giving
  effect to the provisions of section 11 & 12 exceeds Rs. 50000/- in any
  year. The audit report is to be submitted in Form No. 10B and must be
  duly signed by a chartered accountant holding certificate of practice.
• Certain restrictions as to investment of funds by such entities
  registered u/s 12A of the Income Tax Act. The investment by such
  companies must be made in approved forms and modes of
  investment as specified in Section 11(5) of the Income Tax Act.
  
• All voluntary donations received by such a company are treated as income. Any
  amount applied out of such income is eligible for deduction be it a revenue
  expenditure or a capital expenditure.
• However, any donation received with the intent of forming a corpus is not treated as income.

Income Tax benefit applicable to Section 25 Companies

• Registration under Section 12 A of Income Tax Act 1961 enables the companies registered under Section 25 of Company Act in order to get the benefit
  of accumulation of its income to some extent for utilization in future years
• Registration under Section 80G  of Income Tax Act 1961 enables the companies registered under Section 25 of Company Act  to the donor of a deduction in order to get the benefit to the extent of 50% of the sum donated from its income

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Our Professional Services includes

Registration of Section 25 Companies within 45 days

Registration of Section 25 Company under Section 12 A of Income Tax Act

Registration of Section 25 Company under Section 80 G of the company Act

Income Tax Consultation along with Income Tax Return Submission

Email us to check the Availability of the Name of your Section 25 Companies with Ministry of Company Affair

Send your Email with subject "Section 25 Name - Complimentary" to get this service complimentary

Contact us at

Company India

A 20, Lower Ground Floor

Kamla Nagar, Delhi 110 007