“Complete guide to NGO ITR filing in Bhubaneswar – detailing the process, essential documents, deadlines, and benefits to ensure regulatory compliance, claim tax exemptions, and enhance donor trust.”
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Ready Your ITR Filing For NGO with Auriga Accounting
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For NGO In Bhubaneswar.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing For NGO In Bhubaneswar
Auriga Accounting has a team of registration experts who can provide complete guidance to register your ITR Filing For NGO In Bhubaneswar.
Our team of experts will get in touch with you and collect all necessary documents and details
We fill out and file your application for ITR Filing
Ready Your ITR Filing For NGO In Bhubaneswar
“In Bhubaneswar, NGOs are required to comply with the Income Tax Return (ITR) filing provisions under the Income Tax Act, 1961, which apply uniformly to charitable institutions across India. Compliance includes maintaining accurate books of accounts, undergoing mandatory audits, and submitting the appropriate ITR form within the prescribed deadlines. For NGOs registered under Section 12A/12AB or Section 10(23C), timely filing is essential to preserve their tax-exempt status, while 80G-registered NGOs must ensure proper compliance to allow donors to claim tax deductions.”
“While ITR filing is governed at the central level, NGOs in Odisha must also comply with state-specific regulations, including the Odisha Societies Registration Act or provisions applicable to Section 8 companies under the Companies Act, 2013. Proper record-keeping of grant utilization, donor reports, and state audit submissions is essential. By fulfilling both central and state requirements, NGOs can ensure legal compliance, build credibility, and improve their eligibility for funding opportunities.”
“Although NGOs operate on a non-commercial basis, filing an ITR is essential for:
Legal Compliance – Mandatory under the Income Tax Act, 1961.
Claiming Tax Exemption – Under Section 11 and 12 for charitable/religious purposes, or Section 10(23C) for educational and medical institutions.
Maintaining Credibility – A correctly filed ITR ensures transparency and builds donor trust.
Enabling Donor Benefits – Donors can avail tax deductions if the NGO holds a valid 80G certificate.
Applicable ITR Form for NGOs: ITR-7 — For NGOs claiming exemption under Section 139(4A), 139(4B), 139(4C), or 139(4D).
Ensure Legal Compliance – Fulfills obligations under the Income Tax Act, 1961, helping NGOs avoid penalties, interest, and legal issues.
Preserve Tax-Exempt Status – Safeguards exemptions under Sections 11, 12, or 10(23C) through timely ITR filing.
Enhance Credibility & Transparency – Reflects accountability, strengthens public trust, and builds donor confidence.
Enable Donor Tax Benefits – Lets donors claim deductions under Section 80G, where applicable.
Simplify Registration Renewals – Eases renewal of 12A/12AB, 80G, and FCRA registrations.
Boost Funding Opportunities – Positions the NGO as compliant and trustworthy, attracting CSR funders and philanthropic support.
Prevent Financial Penalties – Minimizes the risk of charges under Sections 234F, 234A, and 234B.
Strengthen Financial Planning – Keeps accounts accurate and up-to-date for better budgeting, forecasting, and resource management.
Registration & Identity Proofs – PAN card, NGO registration certificate (Trust Deed / Society Registration / Section 8 Company), 12A/12AB certificate, 80G certificate (if applicable), and FCRA certificate (for foreign contributions).
Financial Statements & Audit Reports – Audited Balance Sheet, Income & Expenditure Statement, Receipts & Payments Account, and Audit Report in Form 10B or 10BB, as applicable.
Tax & Income Records – Form 26AS, TDS certificates, donation details (domestic and foreign), and bank statements for the relevant financial year.
Additional Supporting Documents – Statement of assets and liabilities, grant utilization certificates (if any), and board resolutions or notes for significant transactions.
Mandatory Audit under Section 12A(1)(b) – Required when an NGO’s total income, before claiming exemptions under Sections 11 and 12, exceeds the basic exemption limit.
Applicable Audit Forms:
Form 10B – For NGOs registered under Section 12A/12AB or approved under Section 10(23C)(iv), (v), (vi), or (via).
Form 10BB – For specific institutions, funds, or trusts as per the Income Tax Rules.
Audit by a Chartered Accountant – Must be conducted by a qualified CA, who certifies that the NGO’s accounts are accurate and comply with legal requirements.
Filing Deadline – The audit report (Form 10B or 10BB) must be submitted online via the Income Tax e-filing portal before the ITR-7 due date (typically 31st October for audited cases).
State-Level Compliance – In addition to the Income Tax audit, NGOs in Odisha may need to fulfill audit obligations under the Odisha Societies Registration Act or the Companies Act, 2013 (for Section 8 companies), as applicable.
Collect Documents – Gather PAN, NGO registration certificates (Trust Deed / Society / Section-8), 12A/12AB, 80G, FCRA (if applicable), audited financials, Form 26AS, donation details, bank statements, and other supporting documents.
Prepare Accounts – Finalize the Balance Sheet, Income & Expenditure Statement, and Receipts & Payments Account for the financial year.
Conduct Audit (if applicable) – If mandatory, have a Chartered Accountant audit the accounts and prepare Form 10B or 10BB.
File Audit Report – Assign the relevant audit form to the CA via the Income Tax e-filing portal and ensure submission before the due date.
Select Correct ITR Form – NGOs claiming exemptions under Sections 11/12 or 10(23C) should file ITR-7.
Fill and Submit ITR – Log in to the e-filing portal, complete ITR-7 with accurate disclosures, and attach required schedules.
Verify Return – E-verify using DSC, EVC, or Aadhaar, as applicable.
Meet Due Dates – Typically 31st October for audited cases; audit reports are often due earlier (e.g., 30th September).
Retain Records – Keep acknowledgements, audit reports, and supporting documents for future compliance and reference.
Ensure State Compliance – Fulfill Odisha-specific registration, renewal, and reporting requirements under applicable laws.
Due Dates for ITR Filing
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