A Section 8 Company enjoys several tax exemptions under the Income Tax Act, 1961, provided it complies with the conditions laid out for charitable organizations. It must file annual income tax returns, maintain audited financial statements, and adhere to statutory filings with the ROC. To avail tax benefits, the company must also obtain registrations under Sections 12AB and 80G of the Income Tax Act.
Conclusion
Proper tax and legal compliance helps Section 8 Companies maintain their non-profit status, secure donor trust, and continue benefiting from government tax exemptions and grants.