Monthly Archives: March 2015

A Trust whose objects include ‘international welfare’ cannot be denied S. 12A registration

Posted on March 26, 2015 by SRRF

In a decision by Income Tax Appellate Tribunal (ITAT), Mumbai it has been held that a Trust whose objects include ‘international welfare’ is a charitable entity and cannot be denied S.12A registration. DIT (E) who rejected the application for S.12A … Continue reading →

Posted in FCRA, TAX, LEGAL | Comments Off on A Trust whose objects include ‘international welfare’ cannot be denied S. 12A registration

Donation from NRI

Posted on March 21, 2015 by SRRF

Can any FCRA registered NGO receive donation from an individual/person who is working abroad having NRE account in India? If yes, what are the terms and conditions will apply to the NGO who will receive the donation and person who … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments

MHA cancels registration of 1142 NGOs

Posted on March 18, 2015 by SRRF

Ministry of Home Affairs has cancelled the FCRA registration of 1142 organizations from Andhra Pradesh undivided) vide a cancellation order dt. 3-3-2015. It has stated that these organisations have not filed their Annual Returns from 2009 to 2012. Among the … Continue reading →

Posted in FCRA, TAX, LEGAL | 9 Comments

Is there any restriction on amount of donation by an individual against 35 A/C

Posted on March 17, 2015 by SRRF

Dear Sir, I have a following query: any idividual can donate any amt under 35 AC but whether a businessman /partner/proprietor of a firm after taking 100% exemption upto his limit on investments like ppf etc can over & above … Continue reading →

Posted in FCRA, TAX, LEGAL | 8 Comments

Is 12 A compulsory for FCRA?

Posted on March 17, 2015 by SRRF

Dear Sir, I would like to know some facts and logic about IT One NGO having FCRA but they don’t have IT 12 AA registration. Shall they eligible to receive foreign funds. If so did they pay tax for the … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Improvement on Building should it be caplitalised?

Posted on March 13, 2015 by SRRF

Dear Friends, An NGO is operating from an rented premises and some expenditure is incurred on the improvement of the building by the NGO. The NGO treats this expenditure as an asset and reflects the same in the depreciation schedule. … Continue reading →

Posted in FCRA, TAX, LEGAL | 10 Comments

Applicability of ESI on NGOs

Posted on March 10, 2015 by SRRF

Dear Dialogue Members, I share bellow a case of one NGO being pulled up by ESI. Miracle Foundation India partners with one NGO in a small town in Tamil Nadu, the NGO runs a children’s home which cares for approximately … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Major changes in Finance Bill 2015 impacting NGO Sector

Posted on March 7, 2015 by SRRF

Following major changes have taken place which will impact the NGO Sector: Yoga has been added as one of the activity under S. 2(15). Earlier Yoga was covered under ‘General Public Utility Clause’ thus providing major income tax benefits to … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments