Financial Growth by Personal Support
NGO stands for non-governmental organization. While there is no universally agreed-upon definition of an NGO, typically it is a voluntary group or institution with a social mission, which operates independently from government.
A non-governmental organization (NGO) is a non-profit group that functions independently of any government. NGOs, sometimes called civil societies, are organized on community, national and international levels to serve a social or political goal such as humanitarian causes or the environment.
It can be concluded that legal compliance of NGOs are mandatory. The NGO, such as registered as the Company has to follow the Section 8 Annual Compliance. Section 8 companies have to follow annual compliance. Legislations like the Income Tax Act play a significant role, as it provides deductions to the donors.
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