Benefits of obtaining 80g and 12a approval for your trust or society
The advantages of getting 80g and 12a approval are immense on the part of the trusts and societies. To begin with, such certifications attract tax exemptions meaning that the organizations have additional money to spend on charity work. It also increases the donor appeal since the donations are tax deductible thus more individuals and corporations are willing to assist the need. Moreover the presence of these approvals increases the credibility and visibility of the organization which draws potential partnerships or funding prospects and this enhances its overall influence on the community.