Tax Exemption: The primary benefit of this certificate is that it allows non-profit organizations to be exempt from paying income tax on their income.
Eligibility: To be eligible for a 12A certificate, an organization must be established for charitable purposes and meet certain criteria set by the Income Tax Department.
Charitable Purposes: Charitable purposes include activities like relief to the poor, education, medical relief, and environmental preservation.
Importance: The 12A certificate is vital for non-profit organizations as it helps them maximize their resources and utilize more funds for their charitable activities.