Startup

Section 8 Company Registration

A Section 8 Company is a non-profit organization that aims to promote charitable activities, art, science, education, and sports. The profits of such companies are utilized for promoting these objectives and are not distributed among the Company's members. It is essential to understand what is Section 8 company, document requirements, and company incorporation process.

Benefits of Opening a Section 8 Company

Key Features

Separate Legal Entity

Section 8 companies have a separate legal identity and perpetual existence, just like other registered companies. This increases their credibility and provides them with more autonomy.

Tax Exemption

Section 8 companies registered under section 12AA of the Income Tax Act are eligible for a 100% tax exemption, as they utilize their profits for charitable purposes.

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