NGO Audit & ITR
Non-Governmental Organizations (NGOs), including Societies, Trusts, and Section 8 Companies, are required to maintain transparent and compliant financial practices to retain tax exemptions and government recognition. Annual Audit and Income Tax Return (ITR) filing are critical for meeting legal obligations under the Income Tax Act, 1961 and respective governing laws.
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Benefits of NGO Audit & ITR
Maintains 12A/80G Eligibility: Mandatory for tax exemption and donation eligibility.
Regulatory Compliance: Ensures compliance with the Income Tax Act and respective registration authorities.
Improved Donor Confidence: Transparent records increase credibility with donors and funding agencies.
Prevents Legal Complications: Timely audits and ITR filings help avoid penalties and future scrutiny.
Financial Clarity: Enables better internal decision-making and fund utilization tracking.
Applicability
Audit and ITR filing is required for:
Registered Trusts and Societies
Section 8 Companies
NGOs with income exceeding the basic exemption limit (₹2.5 lakh, excluding donations with 12A exemption)
NGOs availing government or foreign funding (FCRA)
All entities seeking or holding 80G/12A/FCRA registrations
Process
Document Collection & Review
Gather income & expenditure details, donation records, and fund utilization reports.Financial Statement Preparation
Draft Income & Expenditure Account, Balance Sheet, and Receipts & Payments Account.Audit by Chartered Accountant
Independent audit as per applicable laws (Income Tax Act/Trust Act/Societies Registration Act).ITR Filing
Filing of ITR-7 along with audit report and necessary schedules.Post-Filing Support
Assistance with 12A/80G renewals, donor queries, and compliance advisory.
Documents Required
Registration certificate (Trust, Society, or Section 8 Company)
PAN of the organization
Bank statements for the financial year
Details of donations received (domestic and foreign)
Bills, vouchers, and fund utilization reports
Previous year audit report & ITR
12A, 80G, and FCRA certificates (if applicable)
What You’ll Get
Audited financial statements
Audit report by a Chartered Accountant
Income Tax Return (ITR-7) filing acknowledgment
Advisory on compliance with 12A, 80G, and FCRA
Documentation support for donor reporting
Frequently Asked Questions
Yes, audit is mandatory if the NGO’s income exceeds the basic exemption limit or receives any grants/donations.
ITR-7 is used for NGOs registered under Section 11, 12A, or 10(23C) of the Income Tax Act.
No, 12A registration is necessary to claim income tax exemption.
Generally, the ITR should be filed by 31st October (subject to government notifications).
It may lose tax exemption benefits, face penalties, or even cancellation of 12A/80G status.
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