Category Archives: FCRA, TAX, LEGAL

Whether Interest earned on endowment fund from FCRA account can be transferred to other account i.e .INR account(non fcra account) for utilizing the same as written in the contract/agreement. However, in the FCRA return we can show the income earned … Continue reading →

Many organizations who have received adverse order from FCRA and who wish to challenge the same, have little choice except filing a writ petition in the High Court. Going to High Court is both expensive and lengthy, and may not … Continue reading →

Dear Members, Some NGO treat ” Grant utilised ” as Grant Receipt/Income in both – Financial statement and in ITR. They do not show Grant Received as  Grant receipt/ income. Is it the correct way as per income tax act … Continue reading →

Compounding of offences along with penalties S. No. Offence Penalty Comments, if any 1. Accepting Hospitality without Permission Rs 10,000/- Introduced in 2018, no change in 2022 2. Transfer of FC to a person who does not have FCRA / … Continue reading →

Qtly disclosure of FC rec’d no longer requiredRule 13 (b) which required that FC rec’d in a quarter needs to be disclosed within 15 days has now been removed from FCRA rules. This means there is no need for publishing … Continue reading →

We are happy to inform you all that Ministry of Home Affairs re-extended the ‎validity of registration certificates of such entity whose validity was extended till 30 June 2022 vide Public Notice dated 24 March 2022 and whose renewal application … Continue reading →

Dear Members, We have received FC fund in SBI FCRA designated accounts. We transferred the fund to FCRA Utilisation account (other bank). Can we be allowed to make FD from FC utilisation Bank accounts in different banks for earning higher … Continue reading →

Dear SRRF Team, I am writing to inquire if any excess funds donated to an FCRA account can be transferred back to the donor? I am a foreign citizen who had partnered with an FCRA approved Indian non-profit to implement … Continue reading →

Dear Members, I like to know whether the building and assets made by foreign donation collected by an organisation holding FCRA can be given to another organisation on lease basis. Whether lease or rent is permissible by the Ministry of … Continue reading →

Sir, I have a query that our NGO BRWAS is Registered Under Societies Act 1961, WB (Not FCRA Registered) A NRI servicing in Singapore. He wants to transfer money for development of School in India .Can he transfer from his … Continue reading →